The Taros dropped his sword/Cameela dropped the Iron Ball. Nobody can equip it, what does it do?
The Taros Sword casts a Bolt level 2 and the Iron Ball a Blaze 3, but no-one can use them or equip them. Their only real use is to sell! There has been speculation about the possibilty of dropping the Taros Sword in Desktop Kingdom (to make it small) and trying to pick it up again when you're full-sized - but this doesn't work. The only way to equip either item is to play the game using a ROM, and use GenEdit to equip them.