This word is acceptable for play in the US & UK dictionaries that are being used in the following games:

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v. To form vapour bubbles in a flowing liquid in a region where the pressure of the liquid falls below its vapour pressure.

To form holes or cavities within an agitated liquid; react upon the water with *cavitation (which see): said of a screw propeller.

"People have been struggling for years to try and design a very fast rotating boat propeller that doesn't cavitate and literally wear away the metal and put holes in it, just like these pictures show."

cavitation   

supercavitate