Wow, Cyxnos, you're right! Let's fix that...
Better?
(And yes, it does create the card in your hand, like Fractal but just 1 copy of the relevant card.)
And Gl1tch, you're right. Obviously flying weapon stats will all be 1/1.
I should explain the reasoning here a little: I wanted to make the wands create SPELLS, not permanents or creatures. Fate Egg comes up because Time only has 2 spells (Reverse Time and Precognition), and they're both already available "on a stick". Spark is essentially a spell and I didn't want to bite too much on Shockwave by including Lightning Bolt.