This kite acts as an companion/pet. It will follow you around like any normal pet would, and is attached by a string. When you summon it, it appears with one of four random color schemes (red, blue, green, purple). If you mount while your Dragon Kite is summoned, it will disappear. The kite is actually rather large, much larger than you would expect from the preview shots of it. I have yet to see the lightning-strike that was talked about in the preview for this item.