Transvaluation would mean the exaltation of life rather than the exaltation of suffering, and an acceptance of every instinct or lust as organic and therefore valid, and so beyond the scope of moral condemnation. What one desires would be merely what one desires, rather than either sinful or pious.

What is the revaluation of all values?

A revaluation of all values would be a re-ordering of all existing values into a different hierarchy, as well as the creation of some new values and the destruction of some old values.

What does Nietzsche mean by value?

In short, then, the things Nietzsche identifies as “valuable” for life are those he takes to be necessary for the flourishing of the highest types of life (or human excellence), while those that he identifies as harmful to it are those that he takes to be things that constitute obstacles to such flourishing.