It appears on equipment cards, and creates a 1/1 Hero token that comes with the equipment
If we ever get a Villain that does something when it is banished, this card might see play
They usually include boosters from the set, a spindown, a life counter, and an array of punch out keyword counters
The more cards with shift that are released, the better Morph gets
(Plus Merlin, Shapeshifter in his own human form.) Each of the shapeshifting Merlin cards offers a different boon when they first arrive on the table and when they leave, presenting the opportunity to combine them with cards that cycle them in and out of your hand to stack up the benefits
You can then use Bo Peep Caring Shepherd to make your opponent take out Woody instead of picking off a damaged Bullseye