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Synonyms
hob·nob (hŏb́nŏb́)

[From the phrase (drink) hob or nob, (toast) one another alternately, from obsolete and dialectal hab nab, have or have not, probably Middle English habbe, have; see have, + Middle English nabbe (contraction of ne habbe, have not) (Old English ne, not; see not) (habbe, have).]

intransitive verb: -nobbed, -nob·bing, -nobs. 

To associate familiarly: hobnobs with the executives.