Source : Webster's Revised Unabridged Dictionary (1913)

Racket \Rack"et\, v. i. [imp. & p. p. {Racketed}; p. pr. & vb.
   n. {Racketing}.]
   1. To make a confused noise or racket.

   2. To engage in noisy sport; to frolic. --Sterne.

   3. To carouse or engage in dissipation. [Slang]