The Collaborative International Dictionary of English v.0.48:

Exquisite \Ex"qui*site\, a. [L. exquisitus, p. p. of exquirere
   to search out; ex out + quarere to seek, search. See
   Quest.]
   1. Carefully selected or sought out; hence, of distinguishing
      and surpassing quality; exceedingly nice; delightfully
      excellent; giving rare satisfaction; as, exquisite
      workmanship.
      [1913 Webster]

            Plate of rare device, and jewels
            Of reach and exquisite form.          --Shak.
      [1913 Webster]

            I have no exquisite reason for 't, but I have reason
            good enough.                          --Shak.
      [1913 Webster]

   2. Exceeding; extreme; keen; -- used in a bad or a good
      sense; as, exquisite pain or pleasure.
      [1913 Webster]

   3. Of delicate perception or close and accurate
      discrimination; not easy to satisfy; exact; nice;
      fastidious; as, exquisite judgment, taste, or discernment.
      [1913 Webster]

            His books of Oriental languages, wherein he was
            exquisite.                            --Fuller.

   Syn: Nice; delicate; exact; refined; choice; rare; matchless;
        consummate; perfect.
        [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Exquisite \Ex"qui*site\, n.
   One who manifests an exquisite attention to external
   appearance; one who is overnice in dress or ornament; a fop;
   a dandy.
   [1913 Webster]

WordNet (r) 3.0 (2006):

exquisite
    adj 1: intense or sharp; "suffered exquisite pain"; "felt
           exquisite pleasure" [syn: exquisite, keen]
    2: lavishly elegant and refined [syn: exquisite, recherche]
    3: delicately beautiful; "a dainty teacup"; "an exquisite cameo"
       [syn: dainty, exquisite]
    4: of extreme beauty; "her exquisite face"