This item appears to be a normal cloak, but when worn by a character its magic properties distort and warp light waves. This displacement works similar to the displacement spell except that it only grants a 20% miss chance (the same as one-half concealment). It functions continually.
Caster Level: 3rd
Prerequisites: Craft Wondrous Item, Displacement Market Price: 25,000 gp; weight: 1 lb.