Has Effect can be a generic spell effect description like:
Root, Stun, Mesmerize, Cure, Heal, HoT, Nuke, DoT, Proc, Snare, Pacify, Timer 3, etc...
 Form of Defense VII
Resist: Beneficial, Blockable: Yes
Casting: 3s, Recast: 6s
Duration: 6s (1 ticks), Extendable: Yes, Dispelable: Yes
10: Increase AC by 189
Text: Your skin grows hard and stony.
Activating this item will unlock a passive alternate advancement ability that will increase your armor class by #10 points.
Spells are shown as if they were cast by a level 105 player (their strength may differ at other levels).
Source code for this parser is available on bitbucket.