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Psalm 118

Sal. 118:1 KJV (With Strong’s)

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1
O givel thanks
yadah (Hebrew #3034)
used only as denominative from 3027; literally, to use (i.e. hold out) the hand; physically, to throw (a stone, an arrow) at or away; especially to revere or worship (with extended hands); intensively, to bemoan (by wringing the hands)
KJV usage: cast (out), (make) confess(-ion), praise, shoot, (give) thank(-ful, -s, -sgiving).
Pronounce: yaw-daw'
Origin: a primitive root
unto the Lord
Yhovah (Hebrew #3068)
(the) self-Existent or Eternal; Jehovah, Jewish national name of God
KJV usage: Jehovah, the Lord. Compare 3050, 3069.
Pronounce: yeh-ho-vaw'
Origin: from 1961
; for he is good
towb (Hebrew #2896)
good (as an adjective) in the widest sense; used likewise as a noun, both in the masculine and the feminine, the singular and the plural (good, a good or good thing, a good man or woman; the good, goods or good things, good men or women), also as an adverb (well)
KJV usage: beautiful, best, better, bountiful, cheerful, at ease, X fair (word), (be in) favour, fine, glad, good (deed, -lier, -liest, -ly, -ness, -s), graciously, joyful, kindly, kindness, liketh (best), loving, merry, X most, pleasant, + pleaseth, pleasure, precious, prosperity, ready, sweet, wealth, welfare, (be) well ((-favoured)).
Pronounce: tobe
Origin: from 2895
: because his mercy
checed (Hebrew #2617)
kindness; by implication (towards God) piety: rarely (by opposition) reproof, or (subject.) beauty
KJV usage: favour, good deed(-liness, -ness), kindly, (loving-)kindness, merciful (kindness), mercy, pity, reproach, wicked thing.
Pronounce: kheh'-sed
Origin: from 2616
n endureth for ever
`owlam (Hebrew #5769)
from 5956; properly, concealed, i.e. the vanishing point; generally, time out of mind (past or future), i.e. (practically) eternity; frequentatively, adverbial (especially with prepositional prefix) always
KJV usage: alway(-s), ancient (time), any more, continuance, eternal, (for, (n-))ever(-lasting, -more, of old), lasting, long (time), (of) old (time), perpetual, at any time, (beginning of the) world (+ without end). Compare 5331, 5703.
Pronounce: o-lawm'
Origin: or lolam {o-lawm'}
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Cross References

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Ministry on This Verse

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1-4:  An exhortation to praise God for his mercy.
5-18:  The psalmist by his experience shews how good it is to trust in God.
19-29:  Under the type of the psalmist the coming of Christ in his kingdom is expressed.
A.M. 2962.
B.C. 1042.
(Title.)This Psalm was probably composed by David after Nathan's prophetic address; and sung by alternate choirs at some public festival.
It largely partakes of David's spirit, and everywhere shews the hand of a master; the style is grand and sublime; the subject noble and majestic.
 Book 5, Series 2. Gog attacks Israel. (“The Placement of the Psalms in Prophecy” by B. Anstey)
 This psalm has been well placed. Apparently it was composed for the Feast of Tabernacles which typically represents the Millennial blessing of the earth. Restored Israel speak of the things in this psalm as after the fact; as having passed through it. (Book 5. by B. Anstey)
 They have learned certain things through the whole time of trouble, and now they give thanks to the Lord for it (vs. 1-4). (Book 5. by B. Anstey)
 (vv. 1-3). Israel, the house of Aaron, and the Gentiles that fear the Lord—the three classes that in Psalms 115 were called to trust in the Lord—are now called to praise the Lord for His enduring mercy. (Psalms 118 by H. Smith)
 In Psa. 118 we are still on the ground of final blessing, so that the government of God in the midst of trial is only referred to in the past. It is Israel's recognition of the divine ways and of Christ Himself when blessing is come, owning that Jehovah's mercy has lasted out all their ways and endured forever. (Practical Reflections on the Psalms: Psalms 114-118 by J.N. Darby)

J. N. Darby Translation

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Give ye thanks unto Jehovah; for he is good; for his loving-kindness endureth for everh.

JND Translation Notes

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h
See Ps. 115.9-13 and 1 Chron. 16.41.