Source : Webster's Revised Unabridged Dictionary (1913)

Hike \Hike\, v. t. [imp. & p. p. {Hiked}; p. pr. & vb. n.
   {Hiking}.] [Cf. {Hitch}.]
   To move with a swing, toss, throw, jerk, or the like. [Dial.
   or Colloq.]

Hike \Hike\, v. i.
   To hike one's self; specif., to go with exertion or effort;
   to tramp; to march laboriously. [Dial. or Colloq.] ``If you
   persist in heaving and hiking like this.''

Hike \Hike\, n.
   The act of hiking; a tramp; a march. [Dial. or Colloq.]

Source : WordNet®

hike
     n 1: a long walk usually for exercise or pleasure [syn: {tramp}]
     2: an increase in cost; "they asked for a 10% rise in rates"
        [syn: {rise}, {boost}, {cost increase}]
     3: the amount a salary is increased; "he got a 3% raise"; "he
        got a wage hike" [syn: {raise}, {rise}, {wage hike}, {wage
        increase}, {salary increase}]

hike
     v 1: increase; "The landlord hiked up the rents" [syn: {hike up},
           {boost}]
     2: walk a long way, as for pleasure or physical exercise; "We
        were hiking in Colorado"; "hike the Rockies"