Effervescence (noun)

1. The state of being bubbly or lively.
2. The release of gas bubbles in a liquid, such as in a carbonated beverage.

Origin:

From the latin word "effervescere" meaning "to boil up, to bubble up".

Examples:

1. She had an effervescence that was contagious and made everyone around her feel happy.
2. The effervescence of the champagne tickled her nose as she sipped it.
3. The effervescence in the soda was caused by the carbon dioxide.
4. The party had a great effervescence and everyone was having a good time.
5. The effervescence of the stream was a beautiful sight to see.