This is an old confusing card that I ran into at a local tournament. I read the card and I think I've got the jyst of what it does, but then I saw the official Oracle text and got even more confused.
Here is the card text and Oracle text.
Chains of MephistophelesThis is how I understand this card to work.
For each card a player would draw beyond the first card of their turn, that player instead discards a card from there hand. If that player can't discard a card from their hand, that player puts the top card of their library into their graveyard.
Do I have this right, this is probably one of the most confusing cards I've ever run into.
Denz