Items

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Lesser Items

Ash of Invisibility	All of your units' Primary and Extra attacks are attibuted initiative=6, making it almost sure that your units strike first in a battle (unless opponent uses initiative influencing magic too). Notes: Any unit having an initiative above 6 (from multiple modifiers) is treated as having initiative 6 when the battle starts. Paralyze will cancel out the effect of Ash of Invisibility and vice versa (i.e. invisible paralysed unit will have its original initiative; no init=0 or init=6).
Blood Stained Map	You have a 10% chance of getting one of the five Holy Grails.
Book of Golem Summoning	Summons 7-25 Iron Golems.
Book of Prophecy	Steals 4,000-12,000 of targets population.
Bottle of Eversmoking	Increases accuracy of Orcs by 10% on both sides.
Brooch of Protection	All your units gain 50% to their MELEE resistance.
Bubble Wine	All your units gain 20% to their Primary Attack and Counter Attack, and 30% to their Health Points. No Accuracy decrease.
Candle of Sleeping	Lowers enemy units' attack resistances by 10% and lowers their efficiency by 10%.
Capsule monster	Summons 1,000 Capsule Monsters in battle that only last that fight.
Carpet of Flying	All your units gain the FLYING ability if they did not have it already.
Coffin	The item version of Night of the Living Dead, but it summons a set amount of units. 1000 Ghouls or 500 wraith or 20 liches or 20 vampires. Can also summon 2000 zombies.
Cosmetics	Gives all Human and Elven units the Beauty ability, increasing accuracy.
Crystal Ball	Spies on an enemy mage for information like the Scrying Mirror spell, but less efficient.
Dozens of Silver-Tipped Arrows	Adds HOLY attack type to units with a MISSILE attack.
Drums of War	Reduces all enemy attack power by 10%.
Figurine of the Ice Queen	Deals a small amount of COLD damage to all enemy units.
Flasks of Holy Water	Deals 100,000 HOLY damage to all enemy undead units.
Horn of Valhalla	Summon 2,000-4,000 Knights.
Javelin of Lightning Bolt	Deals some Lightning damage and reduces enemy units' counterattack damage by 25%.
Letters of the Thieves Guild	Steal some gold or an item or some population from the target, or destroys some of the target's turns. The only way to steal an unique from an opponent (VERY low chance)
Magical Compass	Gain roughly 100-200 acres (usually on the less side).
Mana Crystal	Gain 30,000-70,000 mana.
Mana Vortex	Destroy 3,000-9,000 of the target's mana. Unless they have more mana then their nodes can hold, in which case it causes his/her mana reserves to equal the maximum amount of mana his nodes can hold. (e.g. johny has reserves of 1,000,000 but only has 500 nodes( 500,000 max mana reserves) now you use a vortex on him, and he loses 500,00 mana)
Missile Shield	Increases RANGED resistance for your units by 50%.
Monkey Brains	Doubles the Primary Attack power of all units with a PSYCHIC attack.
Official List of Demands	Destroys some geld or population or some turns of the target.
Oil Flasks	Reduces the enemy's fire resistance by 30%, which CAN put resistances BELOW 0. Gives the Unit Ability "Weakness To FIRE" to all enemy units.
Ointment of Healing	Acts like the White mage spell "Healing" and heals a set amount of hit points. Also gives some POISON resistance to all your units.
Peaches	Summons 1,500-5,000 Gorillas
Pipes of the Sewer	Use on a target to destroy 500,000 gold and 15,000 population (unless they have less).
Potion of Valor	25% AP to Primary Attack and Counter Attack only (not to Extra Attack)
Pouch of Herbs	Ressurects 10% of your casualties (barring ultimates). Acts like a weakened Platinum Hand of Healing.
Powder Keg	Deals a small amount of FIRE damage to all enemy units and reduces the AP of their Primary Attack and Counter Attack by 5%.
Ring of Animal Command	Increases the AP of Primary Attack and Counter Attack of your animal units by 100% while reducing the AP of Primary Attack and Counter Attack of your opponent's animal units by 100%.
Rotten Food	Destroys 10,000-30,000k of the target's population.
Sage Stone	You gain 1,000,000-2,000,000 geld.
Satchel of Mist	Reduces the accuracy of all units on both sides with 10%.
Scroll of Protection from Fire	Gives all units a 30% bonus to their FIRE Resistance.
Staff of Illusion	Deal a small ammount of PSYCHIC damage.
Strange Metallic Can	Reduces your units Attack Power by 10% but ressurects 15% of your casualties.
The Head of Medusa	Kills 0-10 units of one random enemy stack.
The Spider's Web	Reduces all enemy unit's initiatives by 1.
Total Newbie Handbook	Summons 5,000 frogs or squirrels.
Treasure Chest	Gets you either nothing, 300,000 geld, 2-3 lesser items, or a unique.
Treasure Map	Get either nothing, 500,000 geld, 5 lesser items, or a unique.
Vial of Venom	Adds POISON attack to ALL your units Primary Attacks.
Voodoo Doll	Destroy's 4-8 turns from the targetted mage. Turns can not go negative from this item.
Wine of the Three Whips	You increase your current population by 10%.

Unique Items

Note: Unique Items have their own page with shortlisted descriptions

Ancient Staff of Pure Quartz	Ancient Tome
Archmage Strategic Guide	Atomic Bomb
Basin of Far Seeing	Black Ankh
Blood Knife	Blue Ice
Book of Geology	Burning Incense
Chaos Ward	Dragon Slayer
Efreeti Bottle	Egg of Time
Excalibur	Hell Fire
Helm of ESP	The Holy Grail
The Iron Golem	Lipstick of Enslavement
Love Potion #9	Lucky Charm
Nether Parchment	Orb of Protection
Pan's Flute	Pouch of Infinite Wealth
Ring of Djinni Summoning	Sceptre of Rulership
Scroll of Cancellation	Scroll of Insight
Skull Ring	Soul Eater
Spectacles of True Seeing	St. Nara's Lock of Hair
Staff of the Archmage	The Altar of Blood
Apparatus	Crimson Banner
The Crystal of Tear	The Dead Sea Scroll
The Hand of Negation	Magic Mirror
The Mirror of the Grey Witch	The Protector
The Ring of Amethyst	The Sinner
The Wings of Glory	Thor's Hammer
Thunder Blade	Wand of the Moon
World Peace