Haha! I am glad you had a fun time playing. Congratulations on finding a secret item, the chance is quite low.
There are a few other joke items to find, in future there will be a lot more.
I am sorry that the combat turn calculation is incorrect, I neglected to compare the speed of your own team members. In an ideal world, if the outlaw had a higher speed stat you would have been able to cheese your way through the entire game!