What is meant by abrogation (naskh) in this verse?

Imām Ibn al-Jawzī (d. 597/1201) summarized the scholars' opinions in his book "Zād al-Masīr" as follows:

1. It means for both the words and the ruling to be removed. [Ibn ʿAbbās, al-Suddī]
2. It refers to the replacement of one āyah with another. [Ibn ʿAbbās, Muqātil]
3. It refers to the abrogation of the ruling while the words remain. [Narrated by Mujāhid from the companions of Ibn Masʿūd; Abū al-ʿĀliyah]