While it functions as a reliable counterspell that leaves behind Faerie tokens, its true utility lies in its interaction with the stack
Part Birds of Paradise, part Scavenging Ooze, part Grim Lavamancer, the Shaman was banned in Modern and Legacy but never broke into Standard or Pioneer, although a critical mass of pseudo-fetchlands will eventually push it into playability
Because this deck is mostly made of pirate characters, odds are fairly good you will have one in play
You can cast commanders, foretell cards, or suspended cards and it will work, as will proliferate effects or +1/+1 counter synergies
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Can I Use a Counter with My Ward Creature