1.praise, glorify, or honor;
extol the virtues of one's children
2.fill with sublime emotion; tickle pink (exhilarate is obsolete in this usage);
The children were thrilled at the prospect of going to the movies
3.heighten or intensify;
These paintings exalt the imagination
4.raise in rank, character, or status;
exalted the humble shoemaker to the rank of King's adviser