Drops from Krol the Blade (a rare elite in Dread Wastes), lvl 90 with 4 million hp.
The tooltip now states it's maximum level of 84
When used on a level 90 it gives the error text of 'Target is too high level'.
The experience it gives you seems to be interacting strangely on my deathknight, but below is an example of the exp gain on a low level character.
At level 42, with rested exp:
Mob kill: 462 experience (+231 Rested bonus) without the elixir, and 1848 experience (+924 Rested bonus) with it. (+700%)
Quest: 4350 experience without the elixir, and 17,400 experience with it. (+300%)
At level 42, with rested exp, with 35% heirlooms:
Mob kill: 624 experience (+312 Rested bonus) without the elixir (+35%), and 2010 experience (+1005 Rested bonus) with it. (+770%)
Quest: 5872 experience without the elixir (+35%), and 18,922 experience with it. (+335%)
At level 42, with rested exp, with 35% heirlooms, fast track 10%:
Mob kill: 670 experience (+312 Rested bonus) without the elixir (+45%), and 2056 experience (+1028 Rested bonus) with it. (+790%)
Quest: 6308 experience without the elixir (+45%), and 19,358 experience with it. (+345%)
From the test you can see that the exp gain from armor, elixir, rested, and guild should all stack.
Note, that I've listed the exp increase as '+790%' as thats how the item tooltip lists the increase.
This is of course the same as 890% total (900% with the pirate ring).In the latest patch this item is now bound to account so sadly there will no longer be a market for it on the AH.
I think it's safe to say it'll still be fairly heavily camped though.
It is still consumed on use.
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