Can you make a specific word blink in Arduino?

I need a program where the lcd display would show words and a specific word needs to blink.
For example, I have this:

#include <LiquidCrystal.h>
LiquidCrystal lcd(8, 9, 4, 5, 6, 7);
void setup() {
lcd.begin(16, 2);
lcd.print("It will blink");
}

void loop() {
lcd.noDisplay();
delay(500);
lcd.display();
delay(500);
}

Is there any way to make only the word "blink" blink?

Not like you're thinking, as far as I know.
Only:-

void loop()
{
    lcd.print("It will blink");
    delay(500);
    lcd.clear();
    lcd.print("It will      ");
    delay(500);
}

or

void setup()
{
    lcd.print("It will blink");
}

void loop()
{
    lcd.setCursor(8,0);
    lcd.print("     ");
    delay(500);
    lcd.setCursor(8,0);
    lcd.print("blink");
    delay(500);
}

Overwrite the word with blanks, and rewrite it at periodic intervals.

or make your own function and pass the strings to blink...

something like this untested version:

#include <Wire.h>
#include <LiquidCrystal.h>
LiquidCrystal lcd(8, 9, 4, 5, 6, 7);

void setup()
{
  lcd.begin(16,2);    
}

void loop()
{
  flashDisplay(" Hello, ARDUINO ", " It will blink  ");
}

void flashDisplay(const char* firstLine, const char* secondLine)
{
  static unsigned long lastTime = 0;
  static bool flashOn = false;
  if(millis() - lastTime > 500UL)
  {
    if(flashOn)
    {
      lcd.setCursor ( 0, 0 );
      lcd.print(firstLine);  
      lcd.setCursor ( 0, 1 );
      lcd.print (secondLine);
    }
    else
    {
      lcd.clear();
    }
    flashOn = !flashOn;
    lastTime = millis();
  }
}