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Synonyms
sky·rock·et (skī́rŏḱĭt)

noun 

A firework that ascends high into the air where it explodes in a brilliant cascade of flares and starlike sparks.

intr. & tr.v.: -et·ed, -et·ing, -ets. 

To rise or cause to rise rapidly and suddenly: Wheat prices skyrocketed. Discovery of oil here has skyrocketed land values.