Philippians 4:8

Majority Text:
Το λοιπόν, αδελφοί, ὅσα εστιν αληθη, ὅσα σεμνά, ὅσα δίκαια, ὅσα αγνά, ὅσα προσφιλη, ὅσα εὔφημα, εἴ τις αρετη και εἴ τις ἔπαινος, ταυτα λογίζεσθε·

KJV:
Finally, brethren, whatsoever things are true, whatsoever things are honest, whatsoever things are just, whatsoever things are pure, whatsoever things are lovely, whatsoever things are of good report; if there be any virtue, and if there be any praise, think on these things.

Comments:
true…honest…just…pure…lovely…good report: Paul uses a similar (but not identical) list mingled with some contrasting characteristics in 2 Corinthians 6:4-10. The first four terms are fairly common in the New Testament. "Honest" is from the word sometimes translated "grave." "Lovely" only shows up in this passage (conveying something like "desirable"), and "good report" only here and in 2 Corinthians 6:8.

virtue…praise: It seems likely that the contrast between these two more general characteristics is between that which is intrinsic to some specific quality (virtue) and what is publicly appreciable in it (praise). Interestingly, the only other uses of "virtue" in the New Testament are in Peter's epistles. The distinction between the two and value for both and each is important, since believers are to be committed to good things both for the value of the things themselves and for the impact goodness has on those who observe it.

Expanded Paraphrase:
The rest of what I need to say to you regards the things you ought to value. Say of what is that it is and of what is not that it is not, and praise those who do so. Similarly prize straightforwardness, righteousness, chasteness. Hold what is desirable over what is offensive and speak of that worth speaking well of. In short, the things you ought to prize are the things that are virtuous in themselves, and those that have value for conveying your transformation in Christ to the observing world.