drink with others, drink heavily
酺 centers on communal drinking: sharing drinks with others, often to the point of heavy consumption. It describes a festive or social drinking session.
酺 combines 酉 (wine vessel) with 甫, which likely contributes the sound. The character expresses drinking wine together.
The wine vessel 酉 on the left and 甫 on the right suggest pouring wine for a group. Imagine a gathering where everyone drinks heavily from the same vessel.
For ホ, picture a host pouring wine for everyone: host -> ホ, and the host leads the heavy drinking session.