Source : Webster's Revised Unabridged Dictionary (1913)

Racket \Rack"et\, n.
   A scheme, dodge, trick, or the like; something taking place
   considered as exciting, trying, unusual, or the like; also,
   such occurrence considered as an ordeal; as, to work a
   racket; to stand upon the racket. [Slang]

Racket \Rack"et\, n. [F. raquette; cf. Sp. raquets, It.
   racchetta, which is perhaps for retichetta, and fr. L. rete a
   net (cf. {Reticule}); or perh. from the Arabic; cf. Ar.
   r[=a]ha the palm of the hand (used at first to strike the
   ball), and OF. rachette, rasquette, carpus, tarsus.] [Written
   also {racquet}.]
   1. A thin strip of wood, having the ends brought together,
      forming a somewhat elliptical hoop, across which a network
      of catgut or cord is stretched. It is furnished with a
      handle, and is used for catching or striking a ball in
      tennis and similar games.

            Each one [of the Indians] has a bat curved like a
            crosier, and ending in a racket.      --Bancroft.

   2. A variety of the game of tennis played with peculiar
      long-handled rackets; -- chiefly in the plural. --Chaucer.

   3. A snowshoe formed of cords stretched across a long and
      narrow frame of light wood. [Canada]

   4. A broad wooden shoe or patten for a man horse, to enable
      him to step on marshy or soft ground.

   {Racket court}, a court for playing the game of rackets.

Racket \Rack"et\, v. t.
   To strike with, or as with, a racket.

         Poor man [is] racketed from one temptation to another.
                                                  --Hewyt.

Racket \Rack"et\, n. [Gael. racaid a noise, disturbance.]
   1. confused, clattering noise; din; noisy talk or sport.

   2. A carouse; any reckless dissipation. [Slang]

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]

Source : WordNet®

racket
     n 1: a loud and disturbing noise
     2: an illegal enterprise (such as extortion or fraud or drug
        peddling or prostitution) carried on for profit [syn: {fraudulent
        scheme}, {illegitimate enterprise}]
     3: the auditory experience of sound that lacks musical quality;
        sound that is a disagreeable auditory experience; "modern
        music is just noise to me" [syn: {noise}, {dissonance}]
     4: a sports implement (usually consisting of a handle and an
        oval frame with a tightly interlaced network of strings)
        used to strike a ball (or shuttlecock) in various games
        [syn: {racquet}]
     v 1: celebrate noisily, often indulging in drinking; engage in
          uproarious festivities; "The members of the wedding
          party made merry all night"; "Let's whoop it up--the
          boss is gone!" [syn: {revel}, {make whoopie}, {make
          merry}, {make happy}, {whoop it up}, {jollify}, {wassail}]
     2: make loud and annoying noises
     3: hit (a ball) with a racket