It was designed by Mike Krahulik and Jerry Holkins, aka Gabe and Tycho from the webcomic Penny Arcade
Youre not getting that right away, so the card is much worse than a creature with those stats, but theres a lot of room to be worse than that while still being actively good in red aggressive decks
Creatures (3) Lands (20) Spells (37) 4 Mana Drain 1 Vampiric Tutor 1 Mystical Tutor 1 Grim Monolith 1 Yawgmoth's Will 4 Force of Will 2 Diabolic Edict 1 Mana Vault 1 Sol Ring 1 Mind Twist 1 Demonic Tutor 1 Time Walk 1 Ancestral Recall 1 Fellwar Stone 1 Disrupting Scepter 3 Impulse 1 Merchant Scroll 2 Pyroblast 1 Amnesia 1 Black Lotus 3 Fact or Fiction 1 Mox Jet 1 Mox Pearl 1 Mox Ruby 1 Mox Sapphire Sideboard While Long had originally employed Elemental Augury as part of his endgame (it kept then locked up), the printing of Fact or Fiction forced his hand
Before long, sets were using multiple showcase frames for different things
Id say they can be replaced with more fitting cards
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