1. a small gravity railroad, esp. in an amusement park, having a train with open cars that moves along a high, sharply winding trestle built with steep inclines that produce sudden, speedy plunges for thrill-seeking passengers.
2. a car or train of cars for such a railroad.
3. any phenomenon, period, or experience of persistent or violent ups and downs, as one fluctuating between prosperity and recession or elation and despair.
[ 1885-90 ]