This fellows wise enough to play the fool and to do that well craves a kind of wit?

The statement suggests that true wisdom involves the ability to adopt a fool's persona while still exhibiting intelligence and insight. This kind of wit allows one to navigate social dynamics with grace, using humor and humility to disarm others. Such a skill requires a deep understanding of human nature and the nuances of communication, highlighting that wisdom isn't just about knowledge but also about emotional intelligence and adaptability. Ultimately, it underscores the idea that playing the fool can sometimes reveal deeper truths.