It was meant to say wore.

thats right

Just went through and added some more of your suggestions, to let you know you're appreciated.
I might do more later. Here are the ones I made.

Gigasoft CLaws
Delfino Shirt
Hero's Shell
Golden Socks
Stumble Boots
Robe of Silence
Princess Toadstool Shorts
Princess Daisy Shorts
Space Boots
Crushing Gloves
Heavy Spiked Shell
Broken Shell

Toadstool => Peach

MY IDEAS:

Vacation shorts: M&L : Boost agility/speed and attack
Superior Shell: B : Boosts all stats but not by much
Mystic Slacks: M&L :Boosts speed and defense
Giga Soft Sandals: M&L :Resists ground and rock
Hospital In A Shell: B : Resists all status effects and if you die then it automatically revives you with 1/4 HP
Forum Mod Hat: M&L : Increases speed VERY GREATLY and accuracy VERY GREATLY
Metal Clogs: M&L : Speed down sharply, but defense goes up greatly

Mushroom One-Piece ,M&L: Raises all status, but take up both torso, legs and feet.
Greedy Pants, M&L: Lowers defense, but triples money/coins won in battle
Razory Shell, B: Raises both defense and attack.
Clumpsy Horns, B: Lowers both speed and defense, but raises all other status.

I got some,

Large Blue Shell(B)-
You lookin' fine!

GigaBowser Set(B)-
Add the word Giga to what equip slot you want to make stronger, really.

Star Rod(K)-
No desc in mind, and only if the star rod wont play a major part in the games story.

Glowing Overalls(ML)-
My eyes!

Slugger Wand(K)-
You're outta here!

Striker Boot(ML)-
Burn baby burn!

Link's Iron Boots(ML) -
Is this in the right game?
(Am guessing this takes down speed and adds Defense, seeing as that was their whole point in LoZ games)

Edit: Forgot to check the date of the last post. Didn't see it was dead for over 2 months >.<

Don't worry, you can use this thread.
Thanks for the suggestions.

MY IDEAS
Shroob Gloves: +defense, +attack, -special, -speed. Special Effect:added poison to your attacks. Can be equipped by both M&L.
Shroom Gloves: +special & speed, -attack & defense. Special Effect: drops for mushrooms increases. Same thing as the last one.
Princess Shroob's Cloak: a reference to the final battle in Partners in time. +all stats and the holder is permanently poisoned. Bowser & Kammy.
Crystal Kings Robe: armor for kammy. Adds frozen effect to kammy's spells. +special & attack. Gives a weakness to fire.
Pallium Regale: a robe fit for a king. +large ammounts of defense. Builds resistance to elemental attacks. Bowser and Kammy Only.
Dictator's equipment set for bowser. Shell, Robe, Pants, Fists,(etc.). +attack and defense.
Starlite Equipment set for every playable character. Basically the best equipment in the game. +all stats. You can decide the drawbacks.
Dark Bowser Equipment set: +all stats. The equipment is cursed by the Dark Star so you cant unequip it, unless theres a priest to lift the curse.
Mr.L equipment Set for luigi. When you equip one of the weapon,armor,(etc.)of the equipment set, luigi will decide his own attacks (like a cpu.)
Drill Claw: bowser's starting weapon. +attack.
Fire Gloves: gloves that are upgradeable. Changes your jump command to FireBrand. Mario only.
Thunder Gloves: same thing as fire gloves. Changes your jump command to ThunderBrand. Luigi only.
Hammer:changes your Jump command to Hammer. Both Mario and Luigi.

fixing my mistakes.
Flame Gloves: increases the power of fire attacks. Thunder Gloves: increases the power of thunder attacks. Tri-Gloves:resists all basic elements.
Rubber Gloves: resists electric attacks and adds defense. Mr.L Gloves: increases speed and defense of luigi.
Red Shell: changes either Spinalot's or Kappin's shell color to red and gives fire element to attacks.
Red Hot Boots:(M) mario's jump now has fire element. Green Zap Boots:(L) luigi's jump now has thunder element.
Zoom Shoes: increases speed basically as fast as sonic. Twin-Star Pin: Increases the power of kammy's spells.
Kamort's Wand: kamort's first wand given by kammy. Increases all 4 stats by 5 points.
Fury Shell(B) increases both power and defense of bowsers stats. Lightweight Shell(B): increases both speed and defense of bowsers stats.
Olympic Set for all 3 of Mario, Luigi and Bowser. Increases speed, attack and special by 4. Obtained by a sidequest with all characters.