This is the 147th most frequent Armenian word.
գյուղի
"Of the village" or "village's".
The word 'գյուղի' is used here in the possessive form, indicating that the festival belongs or is related to the village.
Մենք այսօր գնում ենք գյուղի տոնակատարությանը։
We are going today to the village's celebration.
Here, 'գյուղի' describes the noun 'nature' as belonging to or associated with the village, hence expressing a descriptive quality.
Գյուղի բնությունը հիացնել է միշտ։
The nature of the village is always admirable.
In this context, 'գյուղի' is used to show origin or association, specifying that the farmer is from the village.