戯ざれ交かわす

Meanings

1

godan verb (-su)

exchange jokes; banter

Rare literary verb for playful, joking exchanges. Not used in everyday conversation.

交mingle, mixing, association

冗じょう談だんを言いい合あう
Common modern expression for exchanging jokes; 戯交わす is a rare literary equivalent.
戯たわむれる
Intransitive verb meaning 'to jest' or 'to play'; 戯交わす is transitive and implies mutual exchange.

Compound of 戯れ (zare, 'joke, play') + 交わす (kawasu, 'to exchange'). The exact historical derivation is uncertain, but the components are transparent.