This may be somewhat useful for people.
Playing Ghost/Echo I gave players ten syllables each to equip their characters.
So you can have a sword – 1 syllable, or a Kendachi Monoblade – 6 syllables.
For D&D type games this could be linked to Charisma, with each point giving you another syllable of description. This is in the long tradition of making-charisma-useful.
Would probably work better with story-games and/or chilled out players. Though if combined with a LOTFP simple encumbrance rule and with banning magical items I think it could function quite well.
I'm pretty sure I half-stole this idea from someone in the OSR, it's a bit like Zack S's syllables-for-price idea. Or someone trading character points for syllables of description during char-gen. Anyway, if its you I stole it from, sorry.