Formal and literary 'to entertain with a feast'. Survives in set expressions like 以飨读者 ('to offer this for the enjoyment of readers'). The traditional sense also covers presenting food offerings to ancestors or gods.
Standalone 乡 ('village') gives the sound (xiāng → xiǎng) and a faint meaning echo — the original sense was villagers gathering to drink together at a communal feast.
