I guess I shouldn't have said lavishly because people then just think of gaudy mansions and completely over the top accessories and what not.
I just think given the chance someone would go buy a million dollar house and a vacation home or two, have a couple nice cars, and be able to allow their parents/friends to enjoy the pleasures of being extremely comfortable financially. Along with enough to ensure they could live comfortably if something major ever happened. Just my opinion. You, your parents, and your friends might already be rich as fuck so it would just be overkill or maybe you really are just uber generous. I have a hard time believing people when they say they'd give away that much money when they have no idea what the future holds for them financially.