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|Whenever you die, after paying penalties: Gain +1 treasure.|
Lazarus' Rags is Lazarus's starting item. When Lazarus dies, and pays death penalties, he can pick up one treasure. This is a reference to the Binding of Isaac, where in which when he dies, he comes back to life.
- Dying on your 1st turn is a no-brainer, since you get a Treasure Item for free, paying minimal penalties.
- Dying to replace a Trinket, which tend to be not so good, tends to be a good idea.