Smart Definition
Etymology
Pronunciation
regazo
lap
regale
to entertain or amuse
+
gaze
to look steadily
Regazo means lap. Think of it as a place where you regale0 (entertain0) a child while they gaze1 (look steadily1) up at you.
noun
  1. lap
    The area formed by the lap of a seated person
    El niño se sentó en el regazo de su madre. // The child sat on his mother's lap.