The stone which the builders refused
See "Christ (as Stone)," (See Scofield "Exodus 17:6. See Scofield ") 1 Peter 2:8".
Psalm 118 looks beyond the rejection of the Stone (Christ) to His final exaltation in the kingdom (Psalms 118:22).
See Psalm 2, first of the Messianic Psalms.
O give thanks unto the Lord
The Messianic Psalms: Summary. That the Psalms contain a testimony to Christ our Lord Himself affirmed Luke 24:44 and the N.T. quotations from the Psalter point unerringly to those Psalms which have the Messianic character. A close spiritual and prophetic character as surely identifies others. Christ is seen in the Psalms
(1) in two general character, as suffering (e.g. Psa. 22), and as entering into His kingdom glory (e.g. psa 2.; 24.) Cf Luke 24:25-27.
(2) Christ is seen in His person
(a) as Son of God Psalms 2:7 and very God ; Psalms 45:6,7; 102:25; 110:1 (b) as Son of man Psalms 8:4-6 (c) as Son of David Psalms 89:3,4,27,29
(3) Christ is seen in His offices
(a) as Prophet Psalms 22:22,25; 40:9,10 (b) as Priest Psalms 110:4 and (c) as King (e.g. Psa 2., 24.)
(4) Christ is seen in His varied work. As Priest He offers Himself in sacrifice Psalms 22:1-31; 40:6; Hebrews 10:5-12 and, in resurrection, as the Priest-Shepherd, ever living to make intercession ; Psalms 23:1-6; Hebrews 7:21-25; 13:20. As Prophet He proclaims the name of Jehovah as Father ; Psalms 22:22; John 20:17. As King He fulfils the Davidic Covenant Psalms 89:1-52 and restores alike the dominion of man over creation ; Psalms 8:4-8; Romans 8:17-21 and of the Father over all. 1 Corinthians 15:25-28.
(5) The Messianic Psalms give, also, the inner thoughts, the exercises of soul, of Christ in His earthly experiences. (See, e.g., Psalms 16:8-11; 22:1-2140:1-17).