Its an artifact found almost exclusively in Kindred decks and is actually pretty strong
Double Rainbow Energy from EX Magma vs Aqua does not make this card entirely obsolete, however, due to the fact that the Double can only be attached to an evolved Pokmon
This is restricted to Normal Monsters Level 4 or lower, but it essentially allows you to get a second card for which you would use your Normal Summon

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Its especially good if you have Glittering Frost enchanting something like a bounce land so you can generate around 6 mana in one turn