The Collaborative International Dictionary of English v.0.48:

Magnify \Mag"ni*fy\, v. t. [imp. & p. p. Magnified; p. pr. &
   vb. n. Magnifying.] [OE. magnifien, F. magnifier, L.
   magnificare. See Magnific.]
   1. To make great, or greater; to increase the dimensions of;
      to amplify; to enlarge, either in fact or in appearance;
      as, the microscope magnifies the object by a thousand
      diameters.
      [1913 Webster]

            The least error in a small quantity . . . will in a
            great one . . . be proportionately magnified.
                                                  --Grew.
      [1913 Webster]

   2. To increase the importance of; to augment the esteem or
      respect in which one is held.
      [1913 Webster]

            On that day the Lord magnified Joshua in the sight
            of all Israel.                        --Joshua iv.
                                                  14.
      [1913 Webster]

   3. To praise highly; to laud; to extol. [Archaic]
      [1913 Webster]

            O, magnify the Lord with me, and let us exalt his
            name together.                        --Ps. xxxiv.
                                                  3.
      [1913 Webster]

   4. To exaggerate; as, to magnify a loss or a difficulty.
      [1913 Webster]

   To magnify one's self (Script.), to exhibit pride and
      haughtiness; to boast.

   To magnify one's self against (Script.), to oppose with
      pride.
      [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

magnified \magnified\ adj.
   enlarged to an abnormal degree.

   Syn: exaggerated, enlarged.
        [WordNet 1.5]

WordNet (r) 3.0 (2006):

magnified
    adj 1: enlarged to an abnormal degree; "thick lenses exaggerated
           the size of her eyes" [syn: exaggerated, magnified,
           enlarged]

Moby Thesaurus II by Grady Ward, 1.0:

100 Moby Thesaurus words for "magnified":
   accelerated, aggrandized, aggravated, amplified, annoyed,
   apotheosized, augmented, awesome, ballyhooed, beatified, beefed-up,
   big, bloated, boosted, broadened, canonized, deepened, deified,
   deliberately provoked, disproportionate, elevated, embittered,
   eminent, enhanced, enlarged, ennobled, enshrined, enthroned,
   exacerbated, exaggerated, exalted, exasperated, excellent,
   excessive, exorbitant, expanded, extended, extravagant, extreme,
   glorified, grand, grandiloquent, great, heated up, heightened,
   held in awe, high, high and mighty, high-flown, hiked, hotted up,
   hyperbolic, immortal, immortalized, increased, inflated,
   inordinate, intensified, irritated, jazzed up, lofty, mighty,
   multiplied, overdone, overdrawn, overemphasized, overemphatic,
   overestimated, overgreat, overlarge, overpraised, oversold,
   overstated, overstressed, overwrought, prodigal, profuse,
   proliferated, provoked, puffed, raised, reinforced, sainted,
   sanctified, shrined, soured, spread, stiffened, strengthened,
   stretched, sublime, supereminent, superlative, swollen, throned,
   tightened, touted, widened, worse, worsened