elixir

noun4

1. •
   A substance or liquid which is believed to cure all ills and give eternal life.
2. •
   The alleged cure for all ailments; cure-all, panacea.
3. •
   A sweet flavored liquid (usually containing a small amount of alcohol) used in compounding medicines to be taken by mouth in order to mask an unpleasant taste.

   • The subcommittee's report to the Council on Pharmacy and Chemistry shows that the action of somnos is practically identical with that of a 5 per cent elixir of hydrated chloral. — 1906
4. •
   A liquid which converts lead to gold.

   • For Chinese alchemists, gold held the key to the Elixir, the Eastern equivalent of the Philosopher's Stone. — 2002