You spend your Threads of Disloyalty to neutralize the opponent's Tarmogoyf
Play as many pirates as possible, send them into plenty of challenges, and have them stop off at a bunch of powerful locations to gain lore quickly
Emry, Luker of the Loch Emry, Lurker of the Loch can tap to let you cast a target artifact from your graveyard
Rocketing a creature up to a 7/7 is solid, but the real reason this Equipment is going to be a hit is it having a cheap equip cost for legendary creatures
Its active ability to sacrifice a Goblin for 1R and inflict two damage to a creature or player lets the player, should one prefer a passive style, quickly put the tokens put into play by other cards into the graveyard in order to reduce their life points over the opponents defense
Its also an okay Commander card, though the fact that it only hits one opponent is kind of rough