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It is, believe it or not, a form of ἔχω. Specifically, it's a feminine nominative singular of the aorist active participle of the compound περι-έχω "have beyond, have in a greater measure than others"....

This is an interesting question, and one I was surprised hadn't been answered here before! First and foremost, Ψαπφω is wrong, insofar as ψ indicates the sound /ps/ in Attic Greek. Hephaestion's ...

I'm not absolutely sure about this, but this looks a dialectal form corresponding to Attic περιέχουσα from περιέχειν, meaning "encompassing" or similar. (The σκε in the Aeolic from would correspond ...