(Everything on the second list is t is with 99% certainty a focus or a material component for a spell (jade circlet, for example, for shapechange). There's also the effects from the dress-up frenzy:
Tenebrynn-
*When Tenebrynn puts on her ring, a visible deflection fields surrounds her, making a faint humming sound (no not the humming sound from the Wild Surge room, you don't need to worry). It seems like it will protect her from attacks. Unfortunately it is harder to see with the field in the way.*
*When Tenebrynn puts on the necklace, she feels somewhat relieved from her two terrible drains, and protected as well. In fact, she feels like a Pixie. Wait, she is a Pixie! Yes, she is definitely a Pixie, just in Elf form!*
(OOC: She is convinced that she is a Pixie. Nothing will convince her otherwise. This probably won't have much actual effect though)
*The Bracelets make her feel spry and agile.*
*The Circlet doesn't seem to do anything at all, but it sends a magical imprint--not an intelligent item, just a sense that some items have, an echo of their magic. Apparently this item will only work if your name is Elayna Valsice. It doesn't have to be official by birth--technically it will work for anyone who changes their name to that and means it, since it can only measure your state of mind. Also technically that is Laynie's name.*
*The shoes don't do anything immediately. They may be triggerable or something.*
(OOC: Nobody else actually wore the items right, yet, just took them?)
Vanitri-
*The ring is a fine silver ring with a star sapphire on it. When he puts it on, nothing seems to happen. Perhaps it is triggerable?*
Rinaldo-
*The Amulet looks like it has a slot in it for a ring and another spot where a glyph might appear, as if the Amulet had two uses both of which were empty right now. It seems to do nothing.*
*Wearing the ring feels wonderful. It is as if he is dining on the most delicious meal he can imagine, without actually eating, the food and drink changing to fit his whimsy. He also feels full, and alert, as if he doesn't need much rest.*
*Rinaldo puts on the shield. The shield has a magical echo like the Circlet--it will only function if he decides to swear fealty to the cause of the Academy of the Chromatic Order and bringing a new Golden Age to Medibaria. Even if he doesn't, hey, it's still a mithral light shield.*
Tenebrynn-
*Tenebrynn accessorises with the lovely sash, which turns tiny just for her--she's quite fashionable if she does say so herself. All the other pixies at the pixie ball will be jealous. Tenebrynn feels hardier than before, and she feels an urge to sashay, at least if she was walking. Sashaying would look cool, and it would show off all her beautiful new things.*
(OOC: Tenebrynn gets +2 Con, and if she walks, she has to sashay, which lowers her base land speed. The belt has an additional beneficial ability that hasn't triggered yet)