Is "princessship" a real word? Are there any other words which have the same letter 3 times consecutively?
Solution 1:
There is no word with three consecutive letters under the most narrow definition of "real word", but there are several words of the following types:
There are many acronyms/initialisms that contain triple letters, like AAA, AIEEE, KKK, WWW, or Roman numerals like xviii.
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There are place names, like
- Kaaawa, a place in Hawaii.
- Llanfairpwllgwyngyllgogerychwyrndrobwllllantysiliogogogoch, a place in Wales.
There are names of people with all sorts of unconventional spellings, like Minnnie, Annnora, or Diannne.
There are interjections like mmm, hmmm, zzz, etc.
There are archaic/poetic words with elided letters, like whenceeer (really, whencee'er from whenceever), wheree'er, etc.
Finally, there are words which would probably be written with a hyphen whenever used, like frillless (mentioned by Dusty) which is really frill-less, similarly bulllike, gulllike, wallless, many words ending in -ss-ship like your princessship, bossship, goddessship, headmistressship, patronessship.
Solution 2:
I'm not a native speaker, but I'm under the impression that words with the same letter repeated three times are either elided so that they contain two, or are spelled with a hyphen.
For instance cross-section (hyphenated) or chaffinch (where the 3rd 'f' is omitted)
Solution 3:
I believe princessship is typically spelled with a hyphen princess-ship, although I do remember references to it without. However, if your friend is willing to allow princessship as a word, certainly words like dutchessship, governessship, countessship, etc. would also qualify.
So one way or another, you can prove your friend wrong =D
Edit: A quick search also brings up frillless which has an entry in OED