overdraw, overstate, embellish, embroider, misrepresent, falsify, magnify, inflate, expand, amplify, heighten, intensify, distort, enlarge on, stretch, stretch the truth, overemphasize, hyperbolize, go to extremes, give color to, elaborate, romance, romanticize, color, pretty up, make too much of, build up, blow up, overdo, overreach, overcolor, lie, fabricate, misquote, misreport, caricature, burlesque, overestimate, overcharge, draw the longbow*, paint in glowing colors*, sling the bull*, carry too far*, lay it on*, lay it on thick*, lay it on with a trowel*, make a mountain out of a molehill*, play up*, make a big deal of*, blow up out of all proportion*.
Antonyms understate, tell the truth, minimize.