This one is good!
56: Icarus' Wings
A feathered cloak, upon command, morphs into a pair of wings which enable the wearer to Fly as the spell up to a maximum of one hour per day. The wearer may divide that flight time into up to sixty flights of one minute per flight, or in any way convenient for the wearer.
Encumbered characters may not activate the item, but a character may carry any load within the limits of the character's Strength, including another character.
At the end of the hour the wings revert to a cloak. If the character is high or moving very fast, falling damage applies.