Color Identity: B, G, U

Prerequisites

  1.  All permanents on the battlefield.
  2. Sinking Feeling
    Sinking Feeling     attached to
    Channeler Initiate
    Channeler Initiate    .
  3. Channeler Initiate
    Channeler Initiate     does not have summoning sickness.
  4. Channeler Initiate
    Channeler Initiate     has at least one -1/-1 counter on it.

Steps

  1. Activate
    Channeler Initiate
    Channeler Initiate     by tapping and removing a -1/-1 counter from it, adding one mana of any color.
  2. Activate
    Channeler Initiate
    Channeler Initiate     by paying ({1} magic symbol)   and putting a -1/-1 counter on it, untapping it.
  3. Obelisk Spider
    Obelisk Spider     triggers, causing each opponent to lose 1 life and you to gain 1 life.
  4. Repeat.

Results

  1. Infinite lifegain.
  2. Infinite lifegain triggers.
  3. Infinite lifeloss.

Metadata

  1. In 8 decks according to EDHREC.
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