"Maybe the Wabbajack is the Book of Knowledge. Maybe I'm smarter because I know cats can be bats can be rats can be hats can be gnats can be thats can be thises. And that doors can be boars can be snores can be floors can be roars can be spores can be yours can be mine. I must be smart, for the interconnective system is very clear to me. Then why, or wherefore do people keep calling me mad?
Wabbajack. Wabbajack. Wabbajack."
-Excerpt from "Wabbajack"-
Like Killafrog said, it's an "Elder Scrolls" thing. A worthless, old stick with limitless power.