It is currently banned in Modern, Historic and Explorer formats and restricted in Timeless because, while MTGs designers might have intended this to be an intriguing counterspell option for red mages, they didn't expect players to counter their own spells in order to cheat out massive threats on turn two
How many Pack Points does it cost to craft Vanillite
Monster, you can add any Level Four or lower Danger
Holographic foil stamping applies a thin layer of reflective foil only to specific areas of standard cardstock (logos, frames, rarity symbols, chase card accents)
You play them, get an immediate effect worth a card (thats possibly a bit overcosted, since theres a potential second benefit coming later), and then have the option to defeat them