To treat with or prepare in the manner of an elixir; to make into a medicinal or magical preparation.
From 'elixir' + the verb-forming suffix '-ate.' The term developed in medieval and Renaissance usage to describe the process of creating elixir-like preparations.
Alchemists who 'elixated' substances believed they were unlocking hidden essences and transforming base materials into something magical—which is basically what modern chemistry discovered they were actually doing!
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