You see a Time Waster
Notes
Spawned while facing The Blazing Time Guardian during the Forgotten Knowledge Quest.
Abilities
Unknown.
Damage Taken From Elements
Physical 
Death 
Holy 
Ice 
Fire
Energy
Earth
Location
Deep below north-west of Edron, here (accessible through the Astral Shaper Dungeon behind the Holy Portal).
Behaviour
Unknown
Strategy
Upon using Lost Time (Item) on it, you'll get the following message The time waster hungrily consumes the time and vanishes and it will disappear.