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(Courtesy of the OHotMU Mystic Arcana: The Book of Marvel Magic #1 (2007))
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The Moebius Stone was a mystic item created by Agamotto that had a limited ability to manipulate time. The Stone was able to raise the dead, absorb the life-force of another and accelerate or reverse the passage of time within a confined area, though sometimes random time related side effects occurred. Doctor Druid eventually destroyed the artifact because he felt it was too powerful to fall into the wrong hands.