Meaning

noun feelings of excessive pride

noun an elaborate poetic image or a far-fetched comparison of very dissimilar things

noun a witty or ingenious turn of phrase

originFrom Middle English conceyte, formed from conceyven by analogy with pairs such as (Modern English) deceive~deceit, receive~receipt etc. Doublet of concept and concetto. Akin to Portuguese conceito.

Etymology from Wiktionary, CC BY-SA 3.0