skyrocket

Short definition from Wiktionary

Noun

1. 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. 2
   A rebuke, a scolding.
3. 3
   pocket.

Verb

1. 1
   To rise or increase suddenly and extremely; to shoot up; to surge or spike.
2. 2
   To cause to increase suddenly and extremely.