https://everquest.allakhazam.com/db/quest.html?quest=1247
That's the first quest which leads to the second one.
And here's the second quest - https://everquest.allakhazam.com/db/quest.html?quest=1248
And this is what you get -
Dreadful Cap
LORE ITEM MAGIC ITEM
AC: +2 Sta: +5 Magic Resist: +2 Mana: +10
Weight: 0.4
Classes: Necromancer Shaman Cleric Shadowknight Warrior
Races: Iksar Ogre Troll Erudite
Deity: Cazic Thule
Inventory Slot: Head
Can be stored in Medium and larger containers
Sadly, I'm thinking that it's an aptly named item - it is rather dreadful in what you get for what you've gotta do - I don't even think I'd use this thing to twink with.