To get the most out of this card's effect, use it on a Monster that inflicts piercing battle damage.
In a "Blue-Eyes" Deck, this card can be fatal. While you control a "Blue-Eyes Chaos MAX Dragon" equipped with this card, use "Give and Take" to Special Summon a "Spear Dragon" or another Dragon with 0 DEF to your opponent's field in Defense Position. Then attack it with "Blue-Eyes Chaos MAX Dragon". Since your opponent cannot do anything to stop it, they will receive 8000 battle damage, which is normally enough to set off an OTK.
This card also works well with "Volcanic Doomfire". When it destroys another Monster by battle, the opponent's entire field will be cleansed, making it safe for your other Monsters to attack.