skyrocket

noun

1. A type of firework that uses a solid rocket engine to rise quickly into the sky where it emits a variety of effects such as stars, bangs, crackles, etc.
2. (broadly)A rebuke, a scolding.
3. (Australia, UK, slang)A pocket.

verb

1. (idiomatic, informal, intransitive)To rise or increase suddenly and extremely; to shoot up; to surge or spike.

   “The shortage caused prices to skyrocket.”

   “Athletes' use of herbal supplements has skyrocketed in the past two decades. At the top of the list of popular herbs are echinacea and ginseng, whereas garlic, St. John's wort, soybean, ephedra and others are also surging in popularity or have been historically prevalent.”

   “A new study finds that the number of Americans being diagnosed with opioid addiction continues to skyrocket, but still very few receive any treatment.”

   “Executives from three hospitals across the country detailed their dire fiscal conditions on a conference call Saturday hosted by the American Hospital Association. This may force some to close their doors just as the need for care skyrockets amid the pandemic.”

   “Her career skyrocketed to new heights with the debut of her years-long Las Vegas residencies.”

2. (idiomatic, informal, transitive)To cause to increase suddenly and extremely.

   “This is an area you'll have to work out in precise detail, as it's the area most likely to skyrocket your costs—or, without careful planning, leave you with thirsty guests.”