loving cup

American Heritage® Dictionary of the English Language, Fourth Edition

1. n. A large ornamental wine vessel, usually made of silver and having two or more handles.
2. n. A large ornamental vessel given as an award in modern sporting contests and similar events.

Century Dictionary and Cyclopedia

1. n. A wine-cup intended for several persons to drink from and to pass from hand to hand. It is commonly made with several handles. See parting-cup.

Wiktionary

1. n. A large cup with two or more handles, passed around for all to drink from; a ceremonial version of such a cup awarded as a trophy.

GNU Webster's 1913

1. A large ornamental drinking vessel having two or more handles, intended to pass from hand to hand, as at a banquet.
2. an award resembling a loving cup{1} that is given to the winner of a competition.

WordNet 3.0

1. n. a large metal vessel with two handles that is awarded as a trophy to the winner of a competition
2. n. a large drinking vessel (usually with two handles) that people drink out of in turn at a banquet