Source : Webster's Revised Unabridged Dictionary (1913)

Poetize \Po"et*ize\, v. i. [imp. & p. p. {Poetized}; p. pr. &
   vb. n. {Poetizing}.] [Cf. F. po['e]tiser.]
   To write as a poet; to compose verse; to idealize.

         I versify the truth, not poetize.        --Donne.

Source : WordNet®

poetize
     v : compose verses or put into verse; "He versified the ancient
         saga" [syn: {verse}, {versify}, {poetise}]