Yeah, a 'Heavy iron Dagger' that has slash 1, speed 1

Most people who are that gullible wouldn't know the difference between a good weapon and a bad weapon anyway.
I'm just saying it would be way cooler if you could give out 'Promotional Flyers' or pamphlets which have information on your guild or what items you're selling, or if you could rename a 'mug' to an 'Ojaveda scotch-on-the-rocks' while playing bartender, or rename a rat's eyeball to "X's Magic Eyeball", or whatever else you might drop or hand over during an RP.
It just ruins it when your RP-objects are either invisible, weightless objects (and thusly OOC), or the closest, cheapest in-game object you could find.
Not to mention how much fun you could have with item descriptions - secret messages, ascii maps and whatnot...