Since its release, power creep has left the card out scaled by bigger and better things
The Easy Way to Remember It Here is the version I would actually use at the table: An artifact is a spell only while it is on the stack
Each collector booster has its own particular rules with different configurations, cards, and treatments with each set
You can speed up the process by investing mana into it, but theres usually no need
Should you have a reliable way to flicker this card, however, then Loots Exhaust abilities will reset
You could discard it to pay a cost, because a spell or ability tells you to, or because you have too many cards in your hand during your cleanup step