Jester's Wand

The Jester's Wand is a cursed artifact that appears to be an ebony wand with a cruelly smiling jester's head at the business end. When waved at an enemy, one of several things happen. It can turn into an enchanted longsword...or into a lump of charcoal. On one occasion it supposedly turned into a bronze bell whose sound knocked down all creatures within hearing distance. On another it became a flaming beacon that attacked both friend and foe alike.

All sources are also in agreement that after being waved the wand retains its current shape and function for several hours, during which it cannot be removed from the owner's hand. Its current whereabouts are unknown.