the Colon indicates the "cause: Effect" Just like the Summoner AF. So, when the wyvern is out, the DRG gets regen. If you look at the DRG AF, it says Wyvern gains regen effect. They are different.
I've seen people try to hide behind the _:_ meaning cause and effect lately (which works for most items), but I've seen that when the first blank is a pet, then the pet gains the second blank. SE announced in an interview (I read the link somewhere on the SMN AF debate) that the line reading Avatar: Enmity -2 gave the avatar -2 enmity.
Secondly, its WYVERN FEED. Come on people! It doesn't take a rocket scientist to figure it out! Use common sense. Since when did you eat bird feed, huh?
Wow this seems like an awesome item to have equipped. This would keep downtime for drg Lower and could even save the wyveryn. I hope to see more drgs in the higher lvls, Because personally I think Drg is an awesome Job, if only I could level it, lol (lv7)
I personally love my Wyvern Feed, it is a handy item, can be used for soloing when you let your Wyvern tank for a bit, etc.
If you compare Wyvern Feed to most of the other 60Cap Solo ENM, you'll see it's actually better than most of them.
WOW OMGWTFBBQ.. BRD's item gives HP+20%... amazing... WHM and DRK have decent items.. enhanced healing and TP Regen... but Wyvern Feed is better than most of the others.
And yes, this item's Regen is much more powerful than the AF1 Body... much much more.
How is this useless? Low lvl jobs don't need these kind of items, they are too good and would give them far too much of an edge, that is why level restrictions on items exist, so that we don't see a level 11 Whm wearing a Vermillion Cloak.
Sareko is right, this does not give a refresh effect to the Dragoon, it gives a Regen effect to the Wyvern!
A lot of people argue that the AF Body makes this item worthless, and really, in some cases, it is. But from time to time, you come across situations where Spirit Link is down, and your Wyvern is hurt, this is where this item really shines ^^
PS. I can finally put it in my character equip list =D
Geeze, it has to bite if you're a DRG with only war sub leveled planning this item before it was known. Only effective with WHM or RDM sub, giving MP for additional "Healing Breath"
Edit: According to other posts, this gives hp regen to wyvern. If it does, good for that. if it doesn't, good for ref.