This card has, in my humble opinion, gone from a never-play to a firm Huh, thats pretty good in recent times
trigger resolves, theres no window for a response between the token being created and the equipment getting attached to it
(9/20/2016) If a creature's owner leaves the game after you've put that creature onto the battlefield with Demon of Dark Schemes's last ability, the creature leaves with that player
Other effects that apply to the creature can still grant it any of these characteristics
They're one of the original 'tribal' creature types: fish folk has been a viable strategy since the very earliest days of Magic: The Gathering
You can see him creating a tentacled creature in the background, which ties into his effect -- the Conjurer temporarily turns one of your Snow-lands into a 2/2 creature at the cost of not getting mana from that land