You see the Smash Ball floating nearby. You have 12 hours to decide if you want to either attack it or let it float away. If you attack it, it will float away regardless of whether or not you successfully hit it. If you attack it and it breaks, you will have access to your Final Smash for 12 hours before it breaks from your body and floats to another player.
You have Dragoon Part A, one of three pieces of the legendary Air Ride machine, Dragoon. (This is a special item and you may hold it alongside a non-Dragoon item.) It does nothing on its own, but it's colorful and pretty to look at. If you are targeted with any abilities while holding this item, you will automatically drop it and the person who used the ability on you will pick it up.
TheGuy said:So, SSB is a pretty awesome theme. I love the smash ball mechanics and the items seem a lot more interesting this time around. Stages thing is pretty nice, a bit like the decades thing I had in Dimension-X, just more important, it's cool. I do see a lot of luck being involved especially with stages, items, and the smash ball. So far, pretty interesting.