IPA: /ˈfaɪərˌpɪt/
KK: /ˈfaɪərˌpɪt/
A hole or area made in the ground or built with stones where a fire is lit, mainly for cooking or gathering around.
We gathered around the firepit to roast marshmallows and tell stories.
Firepit → The word is formed from "fire" (from Old English "fyr", meaning flame or fire) and "pit" (from Old English "pytt", meaning a hole or cavity). A firepit is essentially a hole or cavity designed for containing fire.
Think of a 'hole' ('pit') where you can have a 'flame' ('fire') — that's what a firepit is.