v. t. [ imp. & p. p. Hiked p. pr. & vb. n. Hiking. ] [ Cf. Hitch. ] 1. To move with a swing, toss, throw, jerk, or the like. [ Dial. or Colloq. ] [ Webster 1913 Suppl. ]

2. To raise with a quick movement. [ PJC ]

3. To raise (a price) quickly or significantly in a single step. They hiked gasoline prices twenty cents in less than a week. [ PJC ]

4. (Football) To pass (the ball) from the center to the quarterback at the start of the play; to snap (the ball). [ PJC ]

v. i. 1. To hike one's self; specif., to go with exertion or effort; to tramp; to march laboriously. [ Dial. or Colloq. ] “If you persist in heaving and hiking like this.” Kipling.

It's hike, hike, hike (march) till you stick in the mud, and then you hike back again a little slower than you went. Scribner's Mag. [ Webster 1913 Suppl. ]

2. to take a long walk, especially for pleasure or exercise. [ PJC ]

n. 1. The act of hiking. [ Webster 1913 Suppl. ]

2. A long walk usually for exercise or pleasure or exercise; a tramp; a march. [ wns=1 ] [ PJC ]

With every hike there's a few laid out with their hands crossed. Scribner's Mag. [ Webster 1913 Suppl. ]

3. an increase in cost, rate, etc.; as, there was a dramatic hike in gasoline prices; a hike in the interest rates. [ wns=2 ]
Syn. -- rise, boost. [ WordNet 1.5 ]

4. Hence: the amount a salary is increased; as, he got a wage hike. [ wns=3 ]
Syn. -- raise, rise. [ WordNet 1.5 ]