A pink moongate will bring you to a fairy island in Trammel where a magic leprachaun will give you a neon ridable llama in the color of your choice if you can best him in one on one combat. If you fail, you'll be transported to the nearest bank with all of your loot.
This, like the current events, is merely a policy issue.
Like current events, it will remove you from the game world and bring you into an instance where you cannot be harmed except by the leprachaun.
Like current events, it will test your abilities in LEETPVP.
Like current events, if you do well. you recieve a nice little item.
![Smile :)](./images/smilies/icon_smile.gif)
Like current events, if you do poorly, nothing bad happens.