to walk or march a great distance, esp. through rural areas, for pleasure, exercise, military training, or the like.

to move up or rise, as out of place or position (often fol. by up )

My shirt hikes up if I don't wear a belt.

Nautical . to hold oneself outboard on the windward side of a heeling sailboat to reduce the amount of heel.

to move, draw, or raise with a jerk (often fol. by up )

to hike up one's socks.

to increase, often sharply and unexpectedly

to hike the price of milk.

a long walk or march for recreational activity, military training, or the like.

an increase or rise, often sharp and unexpected

a hike in wages.

take a hike

Slang . to go away because one's company is not desired.