A generally useful thing like a ring, a wand, a scroll, a tinning kit, a pickaxe, a tool, a gem, a bag of holding...well, you get the idea. Items with magical powers are vastly preferred.

I"tem (?), adv. [L. See Iterate.]

Also; as an additional article.

© Webster 1913.

I"tem (?), n. [From Item, adv.]

1.

An article; a separate particular in an account; as, the items in a bill.

2.

A hint; an innuendo.

A secret item was given to some of the bishops . . . to absent themselves. Fuller.

3.

A short article in a newspaper; a paragraph; as, an item concerning the weather.

© Webster 1913.

I"tem, v. t. [imp. & p. p. Itemed (?); p. pr. & vb. n. Iteming.]

To make a note or memorandum of.

I have itemed it in my memory. Addison.

© Webster 1913.