Entry 1 sense Webster, 1913 Exhilarating /ĭg-zĭl'-ẽr-ātˌ-ĭng/ · Ex·hil·a·ra·ting · IPA /ɪɡzˈɪlərˌeɪtɪŋ/ 01 a. That exhilarates; cheering; gladdening. 1. That exhilarates; cheering; gladdening.