In Commander, its especially nasty in lists with value creatures to spare, letting you spend mana to advance your board while still protecting yourself from board wipes or combo attempts
You may find a breakdown of the archetypes for your draft set listed on the back of a token card in a draft booster pack
Plus, so many other flying equipment skip the power or toughness buff and this one does both
Rare monsters also have extra abilities that players can cash in: scoring more points for you or dragging your opponents backwards on the scoreboard
Dredge used to be a horrifying bogeyman but has fallen off a bit due to the ridiculous amount of cheap, generic, instant speed grave hate available everywhere now, but this card really gives some interesting payoffs by attaching dredge to your lands
(2023-10-13) Note that the target player searches their library (which may be affected by effects such as that of Stranglehold) and that the card they find is revealed, even though these words aren't included in the ability's reminder text