On turn two, it lets you untap with five mana with a fetch
In competitive play, its role as an item card adds utility, increasing its demand among players looking to build effective Surging Sparks decks
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And fun fact, this is only the fourth creature in Magics history, with the exception of things like double-faced cards and vehicles, to cost 1 mana and have 4 or more power (alongside Phyrexian Dreadnought, Death's Shadow, and Vexing Devil)
Part Birds of Paradise, part Scavenging Ooze, part Grim Lavamancer, the Shaman was banned in Modern and Legacy but never broke into Standard or Pioneer, although a critical mass of pseudo-fetchlands will eventually push it into playability
Vigilance has been part of Magic for a long time, and appears in almost every set