As one of the strongest Sultai cards it still sees quite a bit of play in Vintage and Legacy, the only other formats where you can play it
8-cost Gecko Moria is one of your strongest plays, offering extra value by playing Characters from the trash and developing multiple Characters in one turn
You can discard Black Chaos to place one continuous trap that mentions Light or Darkness Ritual, face-up on the battlefield, from your deck or graveyard
The Izzet Drakes deck has so much value that if you are a Modern player, it actually makes sense to buy the deck just for the Arclight Phoenix
In addition, you can Special Summon the "Red-Eyes" monster that your opponent destroyed as well, throwing a wrench in your opponent's plans
Players create decks filled with Monster, Spell, and Trap Cards and battle their opponents, though sadly without all the cool holographic technology