Name: Band of Icy Depths
Type: Epic Ring
- +19 Stamina, +20 Frost resistance, which was nice back in the days of Naxx-- now, it's not as big, but it's still a nice boost.
- And on Equip: Allows underwater breathing. That's right, just like the Hydrocane, which we covered over a year ago, this is one of the items in the game that gives this buff without a Warlock or Shaman around. This one's a lot harder to get, however.
This ring is hidden in the second part of the chain, where your goal is to get back the colored shards from the dragonflights around Azeroth. Within the Blue Shard chain, you receive this ring as a quest reward. Definitely a long, long way to go just to get a ring that will let you breathe underwater, but I think the strange placement of this ring as a quest reward is one reason Tachaeon wanted it covered here.
And finally, the strangest thing about this epic ring...
Getting Rid of it: .. is found when you sell it to a vendor. Finally, something interesting to put in the "Getting Rid of It" section! Yes, this ring sells for... wait for it... 82g 80s 85c, making it, to my knowledge, the item with the highest vendor price ingame. I don't know if this ring really qualifies for Phat loot, but it is definitely one of the most weirdly budgeted items in Azeroth.