The Collaborative International Dictionary of English v.0.48:

Bubbly \Bub"bly\, a.
   Abounding in bubbles; bubbling. --Nash.
   [1913 Webster]

WordNet (r) 3.0 (2006):

bubbly
    adj 1: emitting or filled with bubbles as from carbonation or
           fermentation; "bubbling champagne"; "foamy (or frothy)
           beer" [syn: bubbling, bubbly, foaming, foamy,
           frothy, effervescing, spumy]
    2: full of or showing high spirits; "bright bubbly children"; "a
       bubbly personality"
    n 1: a white sparkling wine either produced in Champagne or
         resembling that produced there [syn: champagne, bubbly]

Moby Thesaurus II by Grady Ward, 1.0:

78 Moby Thesaurus words for "bubbly":
   active, activist, activistic, airy, alive, animated, beaten,
   blebby, blistered, blistering, blistery, bouncing, bouncy, breezy,
   brisk, bubbling, burbling, burbly, carbonated, champagne, cheerful,
   cheery, chiffon, chipper, downy, ebullient, effervescent,
   energetic, ethereal, excited, feathery, fizzy, fluffy, foamy,
   frisky, frothy, full of go, full of life, full of pep, gossamery,
   imponderous, leger, light, light as air, lighter than vanity, live,
   lively, mercurial, merry, militant, mousse, peppy, perky, pert,
   puffed, quicksilver, smacking, snappy, souffle, souffleed,
   spanking, sparkling, sparkling wine, spirited, sprightly, spry,
   spumescent, unheavy, vesicant, vesicated, vesicatory, vesicular,
   vivacious, volatile, weightless, whipped, yeasty, zingy