Famous piece of scripture incorporated in new edition (5)
I believe the answer is:
noted
'famous' is the definition.
(noted can mean well-known or famous)
'piece of scripture incorporated in new edition' is the wordplay.
'piece of scripture' becomes 'OT' (Old Testament).
'incorporated in' indicates putting letters inside.
'new' becomes 'n' (common abbreviation eg NT for New Testament).
'edition' becomes 'ed'.
'n'+'ed'='ned'
'ot' put into 'ned' is 'NOTED'.
(Other definitions for noted that I've seen before include "Made a record - celebrated" , "Observed or took account of" , "Gaiter; oyster spawn" , "Like music" , "Celebrated or recorded" .)