As version 1.4.1 we added a fancy new attribute called select_text and it works like this:
[archives type="monthly" limit="7" format="option" select_text="Choose Wisely"]
weekly:
- Mon, 21st August, 2023–Sun, 27th August, 2023
- Mon, 8th May, 2023–Sun, 14th May, 2023
- Mon, 27th March, 2023–Sun, 2nd April, 2023
- Mon, 20th February, 2023–Sun, 26th February, 2023
- Mon, 13th June, 2022–Sun, 19th June, 2022
- Mon, 24th January, 2022–Sun, 30th January, 2022
- Mon, 6th December, 2021–Sun, 12th December, 2021