read the note on it from http://massively.joystiq.com/2011/03...ddos-update-9/

" Players will use a deconstruction device located in House K's new crafting hall to pull one effect off of an item so that it can be applied to a different item. As Fernando Paiz explained it, you have the choice of saving an item's level (such as +5), its prefix ("Vorpil"), the base item itself (bastard sword), or its suffix ("of Maiming")."