When used this item will place one random item in your inventory, from potions/recipes/hope tokens/cosmetics and etc.
Know Item Drops:
Medallion
Mithril Flake
Orange Fireworks Recipe
Plain Heritage Rune of Knowledge
Plain Heritage Rune of Learning
Plain Heritage Rune of Legend
Plain Heritage Rune of Lore
Pure Athelas Extract
Pure Celebrant Ointment
Red Fireworks Recipe
You can win this item from the Lottery: Festive Presents of which you can enter at http://my.lotro.com/home/lottery.