Best use I've seen is for the oft fear-breaking Loaches in SS.
Its just a status symbol. I believe Sirken posted a while ago that <=1 drop per day, so pretty darn rare. And it looks cool. So,
1) Rare
2) Looks cool
3) Click-stick
I think that's all you need for anything to be exorbitant in price.
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Some kind of... Bubba Ho-Tep?
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