Psalms 118:29 Midrash

הוֹד֣וּ לַיהוָ֣ה כִּי־ט֑וֹב כִּ֖י לְעוֹלָ֣ם חַסְדּֽוֹ׃

O give thanks unto the LORD, for He is good, For His mercy endureth for ever.

Read midrashic interpretation of Psalms 118:29: and classical rabbinic exegesis.