A changeling amulet! Made of changeling, smells like changeling, does things like a changeling!
It’s basically a little trinket that enables you to direct your magic (like flying magic if you’re a pegasus) to do some shape shifting. You won’t be as strong and believable as a real changeling, but your disguise should be good enough to mess with some ponies ;)
Don’t read too much into this, @kamithepony and I aren’t even sure whether this really is part of our ponies story or just some kind of thought experiment xD
Follow-up to this ask.