Boost Spike:
Boost spike is when the boost level initially "spikes" up to higher than the preset boost setting, and then quickly settles back down to where it should be. As most people with turbos know, once the boost pressure in the intake starts to rise, the rate at which it rises quickly increases until the pressure is increasing at a phenomenal rate. This means that, if your boost is set at 12 psi, when it reaches that point it will be increasing so quickly that it will go higher than 12 psi and then drop back down once the boost control system can correct it, which is within a half second or so.
Boost Creep:
Boost pressure is controlled by the wastegate, which allows exhaust gasses to bypass the turbine wheel. In effect, it creates an alternate route for the hot exhaust coming out of the motor to take, which means that any gas passing through it will not spin the turbine wheel.
Now, if this wastegate cannot flow enough to bypass the required amount of exhaust, then that means that too much of the gasses are going to go through the turbine wheel, meaning that it will have too much energy imparted on it (it will be spinning too fast). As the excess exhaust gas amount gets greater and greater, the turbine wheel spins faster and faster, and the boost level rises.
Brumbi,... what you have is boost creep.
In the image below, the round thing on a hinge in the right hand side of the turbine outlet is the wastegate. Notice how much bigger the TF035 wastegate (left turbo) compared to the little wastegate of the VF4 (turbo on right)