Yes, these are the highly enchanted Ties of Glimmering Colours!
What they do:
* +5 to Charisma
* +2 to AC
* Can cast Colour Spray 3/day
* Can cast Glitterdust 2/day
* Can cast Prismatic Spray 1/day
* Has a 33% chance to blind the attacker for 2 rounds on a failed save vs. Awesomeness
The only disadvantage is that they decrease Stealth and Pickpocketing skills by 50 points.
Hmm… I can understand the negative affect that they might have on stealth, but find myself puzzled as to why they would not actually provide an advantage for a would-be pick-pocket. Think of the distraction value. The mark would not notice a lighter purse when his attention was so taken with the tie.
I would guess that they would provide at least +25 to pick-pocket. Though perhaps I am not aware of other factors.
Yes, I found the ties (my babies) in the most unlikely of places, hanging in cupboard. My dear mother had been gracious enough to hang them there and it was the last place I looked after my chaotic separation/household move.