Miraculous, magical, and maybe a little mysterious, an elixir is a sweet substance or solution that cures the problem at hand.
Elixir is a word often used with a knowing wink — a sort of overstatement of a product's effectiveness, or a decision maker's policy. With linguistic roots in the long-ago alchemists' search for the philosophers' stone, the word has an element of fantasy to spice up anything, like a remedy for the common cold. The mythic fountain of youth is certainly an elixir, but it can also refer to a real liquid, concept, or plan.
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a substance believed to cure all ills
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hypothetical substance that the alchemists believed to be capable of changing base metals into gold
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