The red elf-style boots are part of the elven outfit item set. They give no bonuses and are a cosmetic item. The full outfit can be stored in the costume box of a costume room, but it will be reverted back to its original colours. If it is lost, it can be reclaimed from the Loyalty Programme Shop. When a player has their gender changed by the Makeover Mage while possessing this, a message will appear in the chatbox that says "The piece of clothing magically changes.", and its gender and appearance will change.
It can be recoloured by reclaiming it from the Loyalty Programme Shop. The available colours for this are:
The Elf-style boots have an analogous override as part of the elven outfit. They can be recoloured like any other override, but fewer parts get recoloured than in the item form.
This information has been compiled as part of the update history project. Some updates may not be included - see here for how to help out!