1. To express great joy
   "The fans jubilated when their team won the championship";
   - exuberate [archaic, rare], exult, rejoice, triumph
    
2. Celebrate a jubilee
   "The town jubilated on its 200th anniversary"

Derived forms: jubilating, jubilates, jubilated

Type of: buck up [informal], celebrate, cheer, cheer up, fete, fête, jolly [informal]

Encyclopedia: Jubilate