Editing items previously saved in Single Select and Multiple Select

I have a question about editing the spelling of items that have been previously saved in the lists of “Single Select” and “Multiple Select” fields. Here’s an example: let’s say you create the “Name” field in AirTable using “Multiple Select”. You add the name “John Kennedy” as one of the names. After using it in several entries, you realize it would be better to use the name “John F. Kennedy.” How do you edit that – is it possible? This in theory seemed like a simple thing to do, but I can’t seem to find a way.

Thank you in advance.

Use the Customize Field Options panel and reword the select option. All records that have that option will be updated with the new spelling.