diff --git a/lang/en.json b/lang/en.json
index b15c4fb69e..b2a462616b 100644
--- a/lang/en.json
+++ b/lang/en.json
@@ -1077,6 +1077,7 @@
 "DND5E.DefaultAbilityCheck": "Default Ability Check",
 "DND5E.Description": "Description",
 "DND5E.DescriptionChat": "Chat Description",
+"DND5E.DescriptionEdit": "Edit {description}",
 "DND5E.DescriptionSummary": "Summary Description",
 "DND5E.DescriptionUnidentified": "Unidentified Description",
 "DND5E.Details": "Details",
diff --git a/less/dnd5e.less b/less/dnd5e.less
index 7cf178e551..e0b220c2f7 100644
--- a/less/dnd5e.less
+++ b/less/dnd5e.less
@@ -35,6 +35,7 @@
 @import "v2/dark/apps.less";
 @import "v2/dark/forms.less";
 @import "v2/dark/actors.less";
+@import "v2/dark/items.less";
 @import "v2/dark/character.less";
 @import "v2/dark/npc.less";
 @import "v2/dark/inventory.less";
diff --git a/less/v2/dark/items.less b/less/v2/dark/items.less
new file mode 100644
index 0000000000..0f53c14713
--- /dev/null
+++ b/less/v2/dark/items.less
@@ -0,0 +1,9 @@
+.theme-dark .dnd5e2.sheet.item,
+.dnd5e2.sheet.item.dnd5e-theme-dark {
+  .sheet-body .tab.advancement {
+    .item-name .summary .content-link {
+      color: var(--color-text-dark-5);
+      > i { color: var(--color-text-dark-5); }
+    }
+  }
+}
diff --git a/less/v2/items.less b/less/v2/items.less
index ab3ecca561..7caa6d35bd 100644
--- a/less/v2/items.less
+++ b/less/v2/items.less
@@ -198,6 +198,175 @@
 
   form > hr.ampersand { margin-bottom: -4px; }
 
+  /* ---------------------------------- */
+  /*  Sheet Body                        */
+  /* ---------------------------------- */
+
+  .sheet-body {
+    .tab {
+      max-height: calc(70vh - var(--dnd5e-sheet-header-height));
+      overflow: auto;
+      display: flex;
+      flex-direction: column;
+      gap: 8px;
+      margin: -6px -11px -6px -6px;
+      padding: 6px 2px 6px 6px;
+      scrollbar-width: thin;
+      scrollbar-color: var(--dnd5e-color-scrollbar) transparent;
+      scrollbar-gutter: stable;
+
+      &:not(.active) { display: none; }
+      &.effects { padding: 12px 2px 58px 6px; }
+
+      > .pills .pill {
+        font-size: var(--font-size-10);
+        padding: 3px 6px;
+        line-height: 1;
+      }
+
+      &.single-description {
+        padding-right: 5px;
+        scrollbar-gutter: auto;
+
+        > .editor {
+          padding-right: 6px;
+          scrollbar-width: thin;
+          scrollbar-color: var(--dnd5e-color-scrollbar) transparent;
+        }
+      }
+    }
+
+    .spell-block {
+      width: 250px;
+      margin: 4px auto 4px;
+    }
+
+    .info-block {
+      display: flex;
+      justify-content: space-evenly;
+      align-items: center;
+      gap: 16px;
+
+      > div {
+        display: flex;
+        flex-direction: column;
+        align-items: center;
+
+        .label {
+          font-family: var(--dnd5e-font-roboto-condensed);
+          font-size: var(--font-size-11);
+          color: var(--color-text-dark-5);
+          text-transform: uppercase;
+        }
+
+        .value {
+          font-family: var(--dnd5e-font-roboto-slab);
+          font-weight: bold;
+          font-size: var(--font-size-24);
+        }
+
+        .sign {
+          color: var(--color-text-light-6);
+          font-size: var(--font-size-18);
+        }
+
+        &.damage > {
+          flex: none;
+
+          .value {
+            --icon-fill: var(--color-text-dark-5);
+            color: var(--color-text-dark-5);
+            display: grid;
+            grid-template-columns: auto auto;
+            gap: 4px;
+            font-size: var(--font-size-14);
+            font-family: var(--dnd5e-font-roboto);
+            font-weight: normal;
+          }
+        }
+      }
+    }
+
+    /* Descriptions */
+    .item-descriptions {
+      display: flex;
+      flex-direction: column;
+      gap: 8px;
+
+      .description {
+        padding: 8px;
+        font-family: var(--dnd5e-font-roboto-condensed);
+        box-shadow: 0 0 6px var(--dnd5e-shadow-15);
+
+        > .header {
+          background: none;
+          border: none;
+          color: var(--color-text-dark-primary);
+          display: flex;
+          justify-content: space-between;
+          align-items: center;
+
+          > span {
+            flex: 1;
+            font-family: var(--dnd5e-font-roboto-slab);
+            font-weight: bold;
+            text-align: center;
+            font-size: var(--font-size-14);
+          }
+
+          > button {
+            flex: none;
+            width: unset;
+
+            &:hover, &:focus-visible {
+              box-shadow: none;
+              text-shadow: 0 0 8px var(--color-shadow-primary);
+            }
+          }
+        }
+
+        &:not(.collapsible) > .header { padding-left: 14px; }
+
+        &.collapsible {
+          > .header {
+            cursor: pointer;
+
+            &::before {
+              content: "\f078";
+              font-family: var(--font-awesome);
+              font-weight: bold;
+              color: var(--color-text-dark-5);
+              transition: all 250ms ease;
+            }
+          }
+
+          &.empty > .header {
+            cursor: unset;
+            &::before { visibility: hidden; }
+          }
+
+          &.collapsed > .header::before { transform: rotate(-90deg); }
+
+          .editor { overflow: hidden; }
+        }
+
+        .editor { padding: 0 6px; }
+      }
+    }
+
+    .editor.prosemirror {
+      .editor-content {
+        position: unset;
+        min-height: 300px;
+      }
+
+      > textarea {
+        flex: none;
+        min-height: 300px;
+      }
+    }
+  }
+
   /* ---------------------------------- */
   /*  Editable                          */
   /* ---------------------------------- */
diff --git a/module/applications/item/item-sheet.mjs b/module/applications/item/item-sheet.mjs
index 32c454d51e..9a3d333bc3 100644
--- a/module/applications/item/item-sheet.mjs
+++ b/module/applications/item/item-sheet.mjs
@@ -459,6 +459,7 @@ export default class ItemSheet5e extends ItemSheet {
       });
       html.find(".description-edit").click(event => {
         if ( event.currentTarget.ariaDisabled ) return;
+        event.stopPropagation();
         this.editingDescriptionTarget = event.currentTarget.dataset.target;
         this.render();
       });
diff --git a/module/applications/item/sheet-v2-mixin.mjs b/module/applications/item/sheet-v2-mixin.mjs
index 78e11f7078..7d15948e2c 100644
--- a/module/applications/item/sheet-v2-mixin.mjs
+++ b/module/applications/item/sheet-v2-mixin.mjs
@@ -17,6 +17,13 @@ export default function ItemSheetV2Mixin(Base) {
       { tab: "advancement", label: "DND5E.AdvancementTitle", condition: this.itemHasAdvancements.bind(this) }
     ];
 
+    /**
+     * Store the collapsed state of the description boxes.
+     * @type {Record<string, boolean>}
+     * @protected
+     */
+    _collapsed = {};
+
     /* -------------------------------------------- */
     /*  Rendering                                   */
     /* -------------------------------------------- */
@@ -45,6 +52,13 @@ export default function ItemSheetV2Mixin(Base) {
       const { identified, schema, unidentified } = this.item.system;
       context.fields = schema.fields;
 
+      // Set some default collapsed states on first open.
+      if ( foundry.utils.isEmpty(this._collapsed) ) Object.assign(this._collapsed, {
+        "system.description.chat": true,
+        "system.unidentified.description": game.user.isGM
+      });
+      context.collapsed = this._collapsed;
+
       // Tabs
       const activeTab = this._tabs?.[0]?.active ?? this.options.tabs[0].initial;
       context.cssClass += ` tab-${activeTab}`;
@@ -71,9 +85,25 @@ export default function ItemSheetV2Mixin(Base) {
         };
       }
 
+      // Properties
+      context.properties = {
+        active: [],
+        object: Object.fromEntries((context.source.properties ?? []).map(p => [p, true])),
+        options: Object.entries(context.properties ?? {}).map(([k, v]) => ({ value: k, ...v }))
+      };
+      if ( game.user.isGM || (identified !== false) ) {
+        context.properties.active.push(
+          ...this.item.system.cardProperties ?? [],
+          ...this.item.system.activatedEffectCardProperties ?? [],
+          ...this.item.system.equippableItemCardProperties ?? []
+        );
+      }
+
       // Sub-type context
       await this.item.system.getSheetData?.(context);
 
+      context.properties.active = context.properties.active.filter(_ => _);
+
       return context;
     }
 
@@ -94,6 +124,7 @@ export default function ItemSheetV2Mixin(Base) {
     /** @inheritDoc */
     activateListeners(html) {
       super.activateListeners(html);
+      html.find(".description.collapsible > .header").on("click", this._onToggleOwnDescription.bind(this));
 
       // Play mode only.
       if ( this._mode === this.constructor.MODES.PLAY ) {
@@ -103,6 +134,21 @@ export default function ItemSheetV2Mixin(Base) {
 
     /* -------------------------------------------- */
 
+    /**
+     * Handle toggling one of the item's description categories.
+     * @param {PointerEvent} event  The triggering event.
+     * @protected
+     */
+    _onToggleOwnDescription(event) {
+      const description = event.currentTarget.closest("[data-target]");
+      if ( !description ) return;
+      const { target } = description.dataset;
+      description.classList.toggle("collapsed");
+      this._collapsed[target] = description.classList.contains("collapsed");
+    }
+
+    /* -------------------------------------------- */
+
     /**
      * Handle showing the Item's art.
      * @protected
diff --git a/module/data/item/equipment.mjs b/module/data/item/equipment.mjs
index 4825bd69a9..9aff95dc2f 100644
--- a/module/data/item/equipment.mjs
+++ b/module/data/item/equipment.mjs
@@ -206,6 +206,13 @@ export default class EquipmentData extends ItemDataModel.mixin(
       { label: this.type.label },
       ...this.physicalItemSheetFields
     ];
+    if ( this.armor.value ) {
+      context.properties.active.shift();
+      context.info = [{
+        label: "DND5E.ArmorClass",
+        value: this.type.value === "shield" ? dnd5e.utils.formatModifier(this.armor.value) : this.armor.value
+      }];
+    }
   }
 
   /* -------------------------------------------- */
diff --git a/module/data/item/spell.mjs b/module/data/item/spell.mjs
index 59d5b54b25..64a3001d1f 100644
--- a/module/data/item/spell.mjs
+++ b/module/data/item/spell.mjs
@@ -176,6 +176,7 @@ export default class SpellData extends ItemDataModel.mixin(
       { label: context.labels.school },
       { label: context.itemStatus }
     ];
+    context.properties.active = this.parent.labels?.components?.tags;
   }
 
   /* -------------------------------------------- */
diff --git a/module/data/item/weapon.mjs b/module/data/item/weapon.mjs
index 3cdfca4050..49f63b802b 100644
--- a/module/data/item/weapon.mjs
+++ b/module/data/item/weapon.mjs
@@ -145,6 +145,19 @@ export default class WeaponData extends ItemDataModel.mixin(
       { label: this.type.label },
       ...this.physicalItemSheetFields
     ];
+    context.info = [{ label: "DND5E.ToHit", value: dnd5e.utils.formatModifier(parseInt(this.parent.labels.modifier)) }];
+    if ( this.parent.labels.derivedDamage?.length ) {
+      const config = { ...CONFIG.DND5E.damageTypes, ...CONFIG.DND5E.healingTypes };
+      context.info.push({ value: this.parent.labels.derivedDamage.reduce((str, { formula, damageType }) => {
+        const { label, icon } = config[damageType];
+        return `${str}
+          <span class="formula">${formula}</span>
+          <span class="damage-type" data-tooltip="${label}" aria-label="${label}">
+            <dnd5e-icon src="${icon}"></dnd5e-icon>
+          </span>
+        `;
+      }, ""), classes: "damage" });
+    }
   }
 
   /* -------------------------------------------- */
diff --git a/module/utils.mjs b/module/utils.mjs
index c3c3463c7d..2610fdf6ca 100644
--- a/module/utils.mjs
+++ b/module/utils.mjs
@@ -357,6 +357,7 @@ export async function preloadHandlebarsTemplates() {
     "systems/dnd5e/templates/items/parts/item-activation.hbs",
     "systems/dnd5e/templates/items/parts/item-advancement.hbs",
     "systems/dnd5e/templates/items/parts/item-description.hbs",
+    "systems/dnd5e/templates/items/parts/item-description2.hbs",
     "systems/dnd5e/templates/items/parts/item-mountable.hbs",
     "systems/dnd5e/templates/items/parts/item-spellcasting.hbs",
     "systems/dnd5e/templates/items/parts/item-source.hbs",
diff --git a/templates/items/item-sheet-2.hbs b/templates/items/item-sheet-2.hbs
index 4e2722a2d2..85848fa59c 100644
--- a/templates/items/item-sheet-2.hbs
+++ b/templates/items/item-sheet-2.hbs
@@ -122,6 +122,8 @@
     {{!-- Body --}}
     <section class="sheet-body">
 
+        {{!-- Description Tab --}}
+        {{> "dnd5e.item-description2" }}
 
 
     </section>
diff --git a/templates/items/parts/item-description2.hbs b/templates/items/parts/item-description2.hbs
new file mode 100644
index 0000000000..6e1f85761e
--- /dev/null
+++ b/templates/items/parts/item-description2.hbs
@@ -0,0 +1,95 @@
+{{#*inline "description"}}
+    <div class="card description {{#if collapsible}}collapsible{{/if}} {{#if (lookup @root.collapsed target)}}collapsed{{/if}} {{#unless enriched}}empty{{/unless}}"
+         data-target="{{ target }}">
+        <div class="header">
+            <span>{{ localize label }}</span>
+            {{#if @root.owner}}
+            <button type="button" class="description-edit unbutton" data-target="{{ target }}"
+                    aria-label="{{ localize "DND5E.DescriptionEdit" description=(localize label) }}">
+                <i class="fas fa-feather" inert></i>
+            </button>
+            {{/if}}
+        </div>
+        <div class="details collapsible-content">
+            <div class="wrapper">
+                {{ editor enriched target=target button=false editable=false engine="prosemirror" }}
+            </div>
+        </div>
+    </div>
+{{/inline}}
+
+<div class="tab {{#if singleDescription}}single-description{{/if}}" data-group="primary" data-tab="description">
+
+    {{#if editingDescriptionTarget}}
+        {{ editor enriched.editing target=editingDescriptionTarget button=false editable=true engine="prosemirror"
+                  collaborate=true }}
+    {{else}}
+
+    {{#if (eq item.type "spell")}}
+        {{> "dnd5e.spell-block" activation=system.activation }}
+    {{/if}}
+
+    {{#if info}}
+    <div class="info-block">
+        {{#each info}}
+        <div {{#if classes}}class="{{ classes }}"{{/if}}>
+            {{#if label}}<span class="label">{{ localize label }}</span>{{/if}}
+            <span class="value">{{{ value }}}</span>
+        </div>
+        {{/each}}
+    </div>
+    {{/if}}
+
+    {{#if singleDescription}}
+        {{ editor enriched.description target="system.description.value" button=false editable=editable
+                  engine="prosemirror" collaborate=true }}
+    {{else}}
+
+    <div class="item-descriptions">
+
+        {{!-- When identified, show extra descriptions --}}
+        {{#if (or isIdentified user.isGM)}}
+
+            {{!-- All users see the main, identified description --}}
+            {{> description collapsible=owner label="DND5E.Description" target="system.description.value"
+                enriched=enriched.description }}
+
+            {{!-- Only GM users are able to see and edit the unidentified description --}}
+            {{#if (and isIdentifiable user.isGM)}}
+                {{> description collapsible=true label="DND5E.DescriptionUnidentified"
+                    target="system.unidentified.description" enriched=enriched.unidentified }}
+            {{/if}}
+
+            {{!-- Owners can see and edit the chat description. It is only visible to non-owners if not blank. --}}
+            {{#if (or owner system.description.chat)}}
+                {{> description collapsible=owner label="DND5E.DescriptionChat" target="system.description.chat"
+                    enriched=enriched.chat }}
+            {{/if}}
+
+        {{else}}
+
+        {{!-- When unidentified, non-GM users can only see and edit the unidentified description --}}
+        {{#if (or owner system.unidentified.description)}}
+            {{> description collapsible=false label="DND5E.Description" target="system.unidentified.description"
+                enriched=enriched.unidentified }}
+        {{/if}}
+
+        {{/if}}
+
+    </div>
+
+    {{/if}}
+
+    {{/if}}
+
+    {{#if (or isIdentified user.isGM)}}
+    <ul class="pills">
+        {{#each properties.active}}
+        <li class="pill transparent">
+            <span class="label">{{ this }}</span>
+        </li>
+        {{/each}}
+    </ul>
+    {{/if}}
+
+</div>