Meaning

noun the quality of being so overabundant that prices fall

verb overeat or eat immodestly; make a pig of oneself

verb supply with an excess of

originInherited from Middle English glotien /glotten, probably derived from Old French gloter /glotir /glotoiier (“to eat greedily”) [compare French engloutir (“to devour”), French glouton (“glutton”)], derived from Latin gluttiō, gluttīre (“to swallow”). Compare Russian глота́ть (glotátʹ, “to swallow”).

Etymology from Wiktionary, CC BY-SA 3.0