The Collaborative International Dictionary of English v.0.48:

Soak \Soak\, v. t. [imp. & p. p. Soaked; p. pr. & vb. n.
   Soaking.] [OE. soken, AS. socian to sioak, steep, fr.
   s?can, s?gan, to suck. See Suck.]
   1. To cause or suffer to lie in a fluid till the substance
      has imbibed what it can contain; to macerate in water or
      other liquid; to steep, as for the purpose of softening or
      freshening; as, to soak cloth; to soak bread; to soak salt
      meat, salt fish, or the like.
      [1913 Webster]

   2. To drench; to wet thoroughly.
      [1913 Webster]

            Their land shall be soaked with blood. --Isa. xxiv.
                                                  7.
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   3. To draw in by the pores, or through small passages; as, a
      sponge soaks up water; the skin soaks in moisture.
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   4. To make (its way) by entering pores or interstices; --
      often with through.
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            The rivulet beneath soaked its way obscurely through
            wreaths of snow.                      --Sir W.
                                                  Scott.
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   5. Fig.: To absorb; to drain. [Obs.] --Sir H. Wotton.
      [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Soaking \Soak"ing\, a.
   Wetting thoroughly; drenching; as, a soaking rain. --
   Soak"ing*ly, adv.
   [1913 Webster]

WordNet (r) 3.0 (2006):

soaking
    adv 1: extremely wet; "dripping wet"; "soaking wet" [syn:
           soaking, sopping, dripping]
    n 1: the process of becoming softened and saturated as a
         consequence of being immersed in water (or other liquid);
         "a good soak put life back in the wagon" [syn: soak,
         soakage, soaking]
    2: the act of making something completely wet; "he gave it a
       good drenching" [syn: drenching, soaking, souse,
       sousing]
    3: washing something by allowing it to soak [syn: soak,
       soaking]