Part as a noun is a piece of something. A puzzle piece is a part of a puzzle. A hard drive is part of a computer. It is an independent item that is incomplete by itself, but can be combined with other items to create a complete product.
Part as a verb is to split a piece of something. When Moses struck the rock and lead the Jews through the Red Sea (or whichever sea it was), Moses PARTED the sea. If you take a pie and you cut a slice off a pie, you are parting the pie by taking a part off of it.
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