a rocket firework that ascends into the air and explodes at a height, usually in a brilliant array of sparks of one or more colors.
Also called scarlet gilia. a plant, Ipomopsis aggregata, of the phlox family, native to western North America, having finely divided leaves and clusters of red, trumpet-shaped flowers.
an organized group cheer, usually led by a cheerleader, as at a football or basketball game, which begins with a hissing or whistling and ends with a shout.
verb (used without object)
to rise or increase rapidly or suddenly, especially to unexpected or unprecedented levels: Prices skyrocketed during the war.
verb (used with object)
to cause to rise or increase rapidly and usually suddenly: Economic changes have skyrocketed prices.
to thrust with sudden dramatic advancement; catapult: Talent has skyrocketed him to fame.

1680–90; sky + rocket1 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
skyrocket (ˈskaɪˌrɒkɪt)
1.  another word for rocket
2.  informal (intr) to rise rapidly, as in price

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

1688, from sky + rocket. The verb, in the fig. sense of "to rise abruptly and rapidly," is attested from 1895.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences for skyrocketing
What followed was an economic upswing and a skyrocketing population.
The result was skyrocketing batting averages, including some near .
The workshop concluded that skyrocketing inflation was impeding economic growth.
This figure was somewhat distorted by the skyrocketing price of copper.
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