  We report extensive new photometry and spectroscopy of the highly variable
young stellar object PTF 10nvg including optical and near-infrared time series
data as well as mid-infrared and millimeter data. Following the previously
reported 2010 rise, during 2011 and 2012 the source underwent additional
episodes of brightening and dimming events including prolonged faint states.
The observed high-amplitude variations are largely consistent with extinction
changes having a 220 day quasi-periodic signal. Spectral evolution includes not
only changes in the spectral slope but correlated variation in the prominence
of TiO/VO/CO bands and atomic line emission, as well as anticorrelated
variation in forbidden line emission which, along with H_2, dominates optical
and infrared spectra at faint epochs. Neutral and singly-ionized atomic species
are likely formed in an accretion flow and/or impact while the origin of
zero-velocity atomic LiI 6707 in emission is unknown. Forbidden lines,
including several rare species, exhibit blueshifted emission profiles and
likely arise from an outflow/jet. Several of these lines are also seen
spatially offset from the continuum source position, presumably in a shocked
region of an extended jet. CARMA maps resolve on larger scales a spatially
extended outflow in mm-wavelength CO. We attribute the observed photometric and
spectroscopic behavior in terms of occultation of the central star as well as
the bright inner disk and the accretion/outflow zones that renders shocked gas
in the inner part of the jet amenable to observation at the faint epochs. We
discuss PTF 10nvg as a source exhibiting both accretion-driven (perhaps
analogous to V1647 Ori) and extinction-driven (perhaps analogous to UX Ori or
GM Cep) high-amplitude variability phenomena.
