Oh well, i finally decided to make a contribution. I hope i won't copy any of Pourquois' phrases.
Evil Eye: A eye from a evil person. Evil things may happen to you while in your possession.
Falchion: A slightly curved sword. You may want to slash things with it.
Guado Armor: Don't know if it's italian ... or a game reference.
Exepede: It won't be that easy to find a better sword.
Life Stealer: A mortal blade that steals the enemy's life for some reason.
Orichalcon: A sword made from the legendary metal of Atlantis. Or it's just some game reference.
Power Gloves: They're not that powerful though.
Magic Shield: A shield that should defend against magic, but sadly it doesn't.