Sulphur-bleached rag
Once dyed, by the look of the seams. Reekhollow took the colour and left the cloth.
Vendor trash. Nothing in the game wants it: no recipe, no enchant, nothing to wear. Stacks in one inventory slot. Vendors pay 1093 coins for it.
What drops it
Fumewraith
1 in 5
Rolled on its own rather than from the loot table, so it takes nothing away from anything else that falls off it.
What it trades for
No trades in the last 30 days.