Haha seems like one of the Hunter's top priorities is to one up the Warlocks in style! I have seen this in another cloak as well, although this one I haven't seen before.
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There's a rumour in the Hunter community that long ago, a warlock stole the kill of a Hunter's prey: a powerful dragon. The warlock was rewarded with the hordes of gold from the liar. Thus began the fierce rivalry, or so the story goes