The Collaborative International Dictionary of English v.0.48:

Elevate \El"e*vate\, v. t. [imp. & p. p. Elevated; p. pr. &
   vb. n. Elevating.] [L. elevatus, p. p. of elevare; e +
   levare to lift up, raise, akin to levis light in weight. See
   Levity.]
   1. To bring from a lower place to a higher; to lift up; to
      raise; as, to elevate a weight, a flagstaff, etc.
      [1913 Webster]

   2. To raise to a higher station; to promote; as, to elevate
      to an office, or to a high social position.
      [1913 Webster]

   3. To raise from a depressed state; to animate; to cheer; as,
      to elevate the spirits.
      [1913 Webster]

   4. To exalt; to ennoble; to dignify; as, to elevate the mind
      or character.
      [1913 Webster]

   5. To raise to a higher pitch, or to a greater degree of
      loudness; -- said of sounds; as, to elevate the voice.
      [1913 Webster]

   6. To intoxicate in a slight degree; to render tipsy.
      [Colloq. & Sportive] "The elevated cavaliers sent for two
      tubs of merry stingo." --Sir W. Scott.
      [1913 Webster]

   7. To lessen; to detract from; to disparage. [A Latin
      meaning] [Obs.] --Jer. Taylor.
      [1913 Webster]

   To elevate a piece (Gun.), to raise the muzzle; to lower
      the breech.

   Syn: To exalt; dignify; ennoble; erect; raise; hoist;
        heighten; elate; cheer; flush; excite; animate.
        [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Elevated \El"e*va`ted\, a.
   Uplifted; high; lofty; also, animated; noble; as, elevated
   thoughts.
   [1913 Webster]

   Elevated railway, one in which the track is raised
      considerably above the ground, especially a city railway
      above the line of street travel.
      [1913 Webster]

WordNet (r) 3.0 (2006):

elevated
    adj 1: raised above the ground; "an elevated platform"
    2: of high moral or intellectual value; elevated in nature or
       style; "an exalted ideal"; "argue in terms of high-flown
       ideals"- Oliver Franks; "a noble and lofty concept"; "a grand
       purpose" [syn: exalted, elevated, sublime, grand,
       high-flown, high-minded, lofty, rarefied, rarified,
       idealistic, noble-minded]
    3: increased in amount or degree; "raised temperature" [syn:
       raised(a), elevated]
    n 1: a railway that is powered by electricity and that runs on a
         track that is raised above the street level [syn: elevated
         railway, elevated railroad, elevated, el, overhead
         railway]