I'm curious to know where you heard this? To my knowledge only items with 1/1 can be used indefinately; if it has more than one then when they are all used the item is pretty useless.
Although I could be wrong. This is the first i've heard... source perhaps?
Ive read this too, but was reading about theWarp Cudgel. Never tested it, however they said that if you put it on the AH and buy it back it will get recharged.
Edited, Thu Apr 21 23:27:58 2005 by AravanTheWanderer