What would my definition of revival be? Well, I've actually witnessed revival happen and it was not as has been described in this thread. Some revivals - perhaps most these days - are hyper charismatic events counterfeiting real revival (and not very well, I must say), but the revival I've seen was marked primarily by confession of sin and a full surrender of people's lives to God. What happened was a purifying of believers, not "miracles," and the usual cacophony of noise, and bizarre behaviour that always accompanies counterfeit revival. This confession of sin and getting right with God would go on for days at a time; believers would be freed of demonic oppression that they had unwittingly invited into their lives by participation in occult practices (seances, ouija board use, tarot card, palm and tea leaf readings, horoscopes, etc.); others would see the fleshly way they had been trying to live for God, the carnality of their spirituality, and yield themselves living sacrifices to God and many of the unbelievers looking on would be saved. This real revival was characterized by a return to holiness, and death to Self, tears of repentance, and a deep, deep joy in renewed fellowship with God. Not once did anyone speak in tongues, or get slain in the Spirit, or begin to laugh hysterically, or bray like a donkey. The revival I witnessed was God cleaning house and reviving his people to a deep, rich, joyful fellowship with Himself.
Will there be a final great revival? Well, those who hold to dominion theology (which is very popular among hyper-charismatics) might think so, but I don't see much basis for such thinking in Scripture. The Bible warns of quite the opposite happening as the End of Days draws near.
Do I think that revival is based on false teaching? Much of it, yes. But not all. Satan has managed to make a mad circus out of revival so that what most people understand as revival today is a ridiculous perversion of the real thing.
There isn't really much scriptural ground at all for contending for a doctrine of revival. I would not say, then, that the Bible teaches revival. But the phenomenon of revival is quite real. I suppose one could use other terms to describe the revival I've seen but "revival" works well enough.
Selah.