A friend has been doing the event non-stop since a few days ago. He has collected hundreds of the shields, dozens of cloaks and everything else. Today he spent time tinkering with the items after I told him about what was discovered with the threads in that Stratics topic about them. Well he has discovered something very interesting. Using the two known threads, one cloak of corruption and one currently extremely rare type of thread which I didn't see posted about yet (thread of power), a Tailor is able to make a Cloak of Revival. It doesn't look very useful because it also contains the Cursed property. Also it takes damage like armor and Powder of Fortification does not work on it. So three strikes and its out I guess.