In-Game Examine Window

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Golden Efreeti Boots LEGENDARY LORE  NO-TRADE  ORNATE +12 wis +20 int +10 sta +315 vs elemental +90 vs arcane 10 In-Combat Power Regeneration Per Tick   Cloth Armor (Feet) Mitigation 91 Level 42 (Tier 5)   Obtain: Reward from the heritage quest, Saving Soles.

What does this information mean?

Examining this equipment, while it is in your inventory and not equipped, gives you the option to turn it into a house item called The Legendary Golden Efreeti Boots