Other forms: revs, revving
To rev an engine is to make it roar by pressing the accelerator while going nowhere. The noise a motorbike makes at a red light.
You rev an engine, and an engine revs. As a noun, revs are revolutions per minute — the needle on a rev counter, an engine held at high revs. The phrasal form does a lot of work: rev up means both to start an engine roaring and to build excitement before something begins. And revved up describes a person as readily as a car, as in he was revved up and could not sit still.
Abbreviation of revolutions, rpm
Etymology from Wiktionary, CC BY-SA