Green’s Dictionary of Slang

rocket fuel n.

1. (drugs) phencyclidine.

[US]L. Young et al. Recreational Drugs.
[US]D.E. Miller Bk of Jargon 338: rocket fuel: PCP.
[US]Microgram Bulletin XXXVI:8 182: On the street, PCP is commonly referred to as Angel Dust, Hog, Ozone, Rocket Fuel, Shermans, Wack, Crystal, and Embalming Fluid.

2. cocaine.

[US]C. Fleming High Concept 116: Simpson [...] knew where to go for the highest-quality rocket fuel.

3. (N.Z.) alcohol mixed with a soft drink in a plastic bottle, as drunk by teenagers in an attempt to get drunk quickly.

[NZ]McGill Reed Dict. of N.Z. Sl. 174: rocket fuel Available alcohol mixed in a soft drink bottle by adolescents aiming to get drunk quick. 1990s.