This article's content is accurate to the most recent public game version, 0.4.8d.
"Heals the status effects Charmed, Confused, and Stunned."
Cost: 3 MP
Source: Equipping the Insanity Core.
Psychic Restoration is a spell that removes the status effects 
Confused, 
Stunned, and 
Charmed (all types) from a single ally.