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From Biology-Online Dictionary | Biology-Online Dictionary
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1. (Science: medicine) a tincture with more than one base; a compound tincture or medicine, composed of various substances, held in solution by alcohol in some form.

2. (Science: chemistry) An imaginary liquor capable of transmuting metals into gold; also, one for producing life indefinitely; as, elixir vitae, or the elixir of life.

3. The refined spirit; the quintessence. The . . . Elixir of worldly delights. (South)

4. Any cordial or substance which invigorates. The grand elixir, to support the spirits of human nature. (Addison)

Origin: f. Elixir, sp. Elixir, ar. Eliksir the philosophers stone, prob. From gr. Dry, (hence probably) a dry powder; cf. Skr. Ksha to burn.