Does anyone know where to get a merit award?

Apparently, with this little beauty, the character equipped with it, can equip anything. Having said that, with it, you could equip Sabin with it, have him wear a snow muffler, give him the offering, give him a Scimitar and a Minerva... et voila! You will NEVER see a 'game over' screen again! Sweet! But, of course, I've never seen one of those (more times than I would like...).

BTW, has anyone seen Mog with a snow muffler on? The Goddesses struggled to take even 5HP off of him! Imagine Sabin with that kinda bling! For rizzle, you gotta love fur coats.