This item has an extremely low chance to be looted from fishing in open waters at the Darkmoon Isle.
As the tooltip describes, the Darkmoon Faire world event must be active in order to use the item spell. However, you are not restricted in what location you may summon the Shipwreck Debris fishing node. (Although, you may want to take care anyway - other players can fish the node you summoned.)
The Shipwreck Debris fishing node's loot table remains the same as well, e.g. players have reported looting Sea Pony and Great Sea Herring.
The cap itself cannot be used for transmogrification nor have another helm's appearance transmogrified onto it.
Finally, reading through Wowhead user comments for this item, it appears that having a lower fishing skill level greatly increases your chance at looting this item... though a few more recent comments suggest this may have been fixed so higher fishing skill level will not interfere with "seeing" the item and looting it? I'm not sure. If you have spent a while on your main trying to get the cap, it may yet be worthwhile to farm it an alt with low fishing skill level and attempt.
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This item has an extremely low chance to be looted from fishing in open waters at the Darkmoon Isle.
As the tooltip describes, the Darkmoon Faire world event must be active in order to use the item spell. However, you are not restricted in what location you may summon the Shipwreck Debris fishing node. (Although, you may want to take care anyway - other players can fish the node you summoned.)
The Shipwreck Debris fishing node's loot table remains the same as well, e.g. players have reported looting Sea Pony and Great Sea Herring.
The cap itself cannot be used for transmogrification nor have another helm's appearance transmogrified onto it.
Finally, reading through Wowhead user comments for this item, it appears that having a lower fishing skill level greatly increases your chance at looting this item... though a few more recent comments suggest this may have been fixed so higher fishing skill level will not interfere with "seeing" the item and looting it? I'm not sure. If you have spent a while on your main trying to get the cap, it may yet be worthwhile to farm it an alt with low fishing skill level and attempt.