Source : Webster's Revised Unabridged Dictionary (1913)

Exhilarate \Ex*hil"a*rate\, v. t. [imp. & p. p. {Exhilarated};
   p. pr. & vb. n. {Exilarating}.] [L. exhilaratus, p. p. of
   exhilarare to gladden; ex out + hilarare to make merry,
   hilaris merry, cheerful. See {Hilarious}.]
   To make merry or jolly; to enliven; to animate; to gladden
   greatly; to cheer; as, good news exhilarates the mind; wine
   exhilarates a man.

Exhilarate \Ex*hil"a*rate\, v. i.
   To become joyous. [R.] --Bacon.

Source : WordNet®

exhilarate
     v : fill with sublime emotion; tickle pink (exhilarate is
         obsolete in this usage); "The children were thrilled at
         the prospect of going to the movies"; "He was inebriated
         by his phenomenal success" [syn: {inebriate}, {thrill}, {exalt},
          {beatify}]