You toss the item into the bonfire, but before it can be consumed by flames, a laughing jollin leaps forth and grabs it. He's gone before you can react.

Having received no offering, the Red Rreign does not materialize.

Go hunt that Bandit! He's not too tough :)

Thanks. Tried to do him in but my best fighter (road rage tier 4) pet not strong enough, yet. Back to gym.

this happened to me, no joke, the first four or five times i threw ANYTHING in the bonfire. i thought i was doing something wrong.