NOUN (3)

1. the phenomenon of a person or thing rising into the air by apparently supernatural means;

2. movement upward in virtue of lightness;

3. the act of raising (a body) from the ground by presumably spiritualistic means;

The Collaborative International Dictionary of English v.0.48:

Levitation \Lev`i*ta"tion\ (-t[=a]"sh[u^]n), n. [L. levis light
   in weight.]
   [1913 Webster]
   1. Lightness; buoyancy; act of making light. --Paley.
      [1913 Webster]

   2. The act or process of making buoyant.
      [1913 Webster]

WordNet (r) 3.0 (2006):

levitation
    n 1: the phenomenon of a person or thing rising into the air by
         apparently supernatural means
    2: movement upward in virtue of lightness [ant: gravitation]
    3: the act of raising (a body) from the ground by presumably
       spiritualistic means