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Amulet of second chances

(Magic Item Compendium, page 70)

Price (Item Level): 40,000 gp (17th)
Body Slot: Throat
Caster Level: 17th
Aura: Strong; (DC 23) transmutation
Activation: Swift (command)
Weight:

This tiny, golden hourglass hangs from a thin mithral chain.

An amulet of second chances gives you the ability to reverse disastrous choices. When you activate the amulet, you undo all the events of your current turn and begin the turn again. This includes moving yourself and any other creatures back to the positions they occupied at the start of your turn, removing any damage or other conditions (harmful or beneficial) that have occurred during your turn (to yourself or others), and in all other ways “resetting” events.
All affected creatures are aware of the events of the now-nonexistent round, but they are free to make entirely different choices from the ones they originally made.
An amulet of second chances functions once per day.

Prerequisites: Craft Wondrous Item, time stop or time regression (EPH 138).
Cost to Create: 20,000 gp, 1600 XP, 40 days.