If you are really missing from the products_options_values the TEXT setting and have double and tripple checked ...

You can use the following to add this back in via the Tools ... Install SQL Patches ...
PHP Code:
INSERT INTO products_options_values (products_options_values_id, language_id, products_options_values_name) VALUES (0, 1, 'TEXT'); 
NOTE: if you have multiple languages this will require additional work ...