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The Collaborative International Dictionary of English v.0.48:

Posset \Pos"set\, v. t. [imp. & p. p. Posseted; p. pr. & vb. n. Posseting.] 1. To curdle; to turn, as milk; to coagulate; as, to posset the blood. [Obs.] --Shak. [1913 Webster] 2. To treat with possets; to pamper. [R.] "She was cosseted and posseted." --O. W. Holmes. [1913 Webster]