Getting Lifelink by default is good and can help you regain any life lost, so you can get the main reason for this card - +5/+5 and Indestructible
Lake of the Dead has quite an expensive effect, forcing you to sacrifice a Swamp just to get it onto the field (the idea, I think, is for a Swamp to flow over and turn into the Lake) and then you can sacrifice another Swamp for four times of the mana
However, the graveyard is not always the end when it comes to Magic
Back in 1998, Wizards of the Coast likely thought Hermit Druid was a cute way to find a Forest
For example, a ramp or control core, both of which are good at getting to a spot in the game where you can cast your pricy spells
These ink typesAmber, Emerald, Sapphire, Amethyst, Ruby, and Steelare attached to every character, item, and action card in the game