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女 — the woman radical. The compound ideograph here is folk-etymological and somewhat sexist by modern standards: a man (with beard
而 above) playing around with a woman (
女 below), capturing the 'fooling around, dallying' sense of
耍. Modern usage has broadened to neutral 'play, do for fun':
玩耍 (play),
耍酒疯 (drunken antics).