I've been wearing the hypno-monocle since almost the beginning of Morostide. However, the past couple days it doesn't seem to be working. I'm getting hexed while trick or treating, even tho I have it on. I double checked this last time to make sure it was still there, and it is.
[img align=center]http://www.interstatelive.com/Images/other/the_devils_carnival.jpg[/img]
The monocle doesn't stop you from being hexed altogether, but it does reduce the likelihood of it happening.