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1.
To exaggerate.

Word-Builing:
- Hyperbolating
- Hyperbolation
Teen 1: "How are you going to get your Mom to let you go to the concert?"
Teen 2: "I'll hyperbolate about the importance of seeing it."
by Sparkly Faerie January 14, 2008
 
2.
One who exaggerates
Christine has a habit to hyperbolate, to stretch the facts and make her life sound more interesting than it is.
by Mihful July 10, 2009
 
3.
To educate; to teach or enlighten those that are ignorant.
Rapper 1: "Man, you just got served"
Rapper 2: "Back up, I'm about to hyperbolate this fool"
by Vincent Coborn February 25, 2008