This book is as horny as a teenager trying to write a D&D version of letters to Playboy for his weekend campaign. Despite all the obvious immature innuendo and general horniness, I was surprised it wasn't homophobic as several characters are openly gay or bi. Yes, it's usually a cruel villain, but there was one short passage (I tried desperately to find it, but couldn't) where the hero reflects on buggering in the past. So... ahead of its time... a little.
But mostly it's poorly written (example below), overly complicated, and quite silly. Worst of all, are titular object and character hardly appear! The sword is only used in the opening once and briefly at the end. The sorcerer the same other than one short chapter in the middle that basically says, "Hey, remember me, I'm still buried in this overly complicated plot, too!")
Considered the most cliched opening in history is this: It was a dark and stormy night... often parodied in old Peanuts comics. This book opens with "It was an unholy and howling night..." as clearly Winski didn't care. There were a few other funny examples I noted along the way, but alas, I was too lazy to mark them so they are lost because I'll most likely never go back.
Still, in my old age, I've found a soft spot for these old film adaptations and a few are actually good. But not this one.