It's been several weeks, but here is my finished product from this thread. Overall, I'm pretty pleased with it. I have listed the translated psionics "spell" (with one major change: I made the ammo MW instead of +1, but changed the casting time to swift instead of standard action; I believe this makes the spell more useful but appropriately changes the power - and it works better with the item as well), and then the magical item that can be created with it. Suggestions are welcome.
Bolt
Conjuration (Creation)
Level: Sorc/Wizard 1
Components: V, S
Casting Time: 1 swift action
Range: 0 ft.
Effect: 2d4 masterwork bolts, arrows, or sling bullets
Duration: 1 min./level
Saving Throw: None
Spell Resistance: No
You create 2d4 ethereal-looking crossbow bolts, arrows, or sling bullets, appropriate to your size, which dissipate harmlessly when the duration ends or after being fired. Ammunition you create has a +1 enhancement bonus on attack rolls.
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Quiver of Infinite Arrows
This quiver appears to be a typical arrow container capable of holding about twenty arrows. Whenever the owner of this object reaches for an arrow, there is always one ready to be drawn. Multiple arrows may be drawn at a time. The arrows are ethereal in appearance, and are subject to being dispelled and cannot exist in an antimagic field, but in all other ways they are exactly like masterwork arrows. Arrows created have a +1 enhancement bonus to attack rolls. They remain in existence for one minute or until fired, after which they dissipate harmlessly. If the quiver's owner drops, hands off, or otherwise lets go of a created arrow in a way that isn’t firing it from a bow, the arrow disappears. The quiver of infinite arrows normally appears to be empty, and does not produce arrows if used to store mundane arrows.
Faint conjuration; CL 3rd; Craft Wondrous Item, bolt; Price 2,000 gp;Weight 2 lb.