Webster's Revised Unabridged Dictionary · 1913

Hike

Hike , transitive verb

[Compare Hitch.]

1.
To move with a swing, toss, throw, jerk, or the like. [Dialectal or Colloquial]
2.
To raise with a quick movement.
3.
To raise (a price) quickly or significantly in a single step.
4.
(Football) To pass (the ball) from the center to the quarterback at the start of the play; to snap (the ball).

Hike , intransitive verb

1.
To hike one's self; specif., to go with exertion or effort; to tramp; to march laboriously. [Dialectal or Colloquial]
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
2.
to take a long walk, especially for pleasure or exercise.

Hike , noun

1.
The act of hiking.
2.
A long walk usually for exercise or pleasure or exercise; a tramp; a march.
With every hike there's a few laid out with their hands crossed. — Scribner's Mag
3.
an increase in cost, rate, etc.; as, there was a dramatic hike in gasoline prices; a hike in the interest rates.
4.
the amount a salary is increased; as, he got a wage hike.