WordNet sense 1 (used of wines and waters; charged naturally or artificially with carbon dioxide):

sparkling

WordNet sense 2 (emitting or filled with bubbles as from carbonation or fermentation):

bubbly, foamy, frothy, foaming, bubbling, effervescing

WordNet sense 3 (marked by high spirits or excitement):

scintillating, sparkly

WordNet sense 4 (full of life and energy):

lively