Fabled Ribcracker  

 

As I've posted in several other places, it seems that Lucy or the item collector or some such thing is ripping the info directly out of the game data. I've seen several items in game that only show that they have a required level, but the stats on the item display as though there is a reccommended level as well. If you look this item up in the bazaar (or barter, buyer, etc.) with a level 1 toon, it'll show you what I mean. Then look up Deathborn Hoop (just as an example). All the stats will display at full value, even though the required level makes it unequippable.