Since we are talking about Lifesteal and its variants. I had suggested on another forum thread a variant of Lifesteal instead of healing a % of the damage you deal, instead you heal a % of your Maximum Health each time you AutoAttack.
Welcome Soviet Summoners, just been brainstorming ideas for new items to add to the variety of LoL.
I made this item's stats complementary to an aggressive AD Offtank.
Passive: Upon critically striking, gain a Stack that heals 5% of your max Health over 2 seconds. No limit on Stacks.
Giant's Belt 1110
Cloak of Agility 830
Stats: 500 Health + 20 Critical Chance + 35 AD
Reason: AD + HP items is a seriously lacking area. While there are a number of HP items with nifty benefits, I don't always need or want to get a Warmog's Armor or a Frozen Mallet or a Sunfire Cape. This would be a niche item for AD offtank Champions such as Shyvana. It appeals to Tanks and Bruisers because it offers a decent amount of Health, Damage and Critical Chance. The Passive's Health Regeneration via AA would be nifty, while not as powerful as lifesteal. Would RADCs want this? No, why get this when you could get 1 IE, 2 BT's and 2PD's.
This item would be a good choice if you got a Trinity Force and a Atma's Implaler, but needed health. Of the AD health choices, there is Warmogs, Sunfire Cape, Randuin's Omen, and Frozen Mallet. If you have Trinity Force, you don't need Frozen Mallet. Sunfire and Randuin's are both good, but Atma's provides enough Armor. Warmogs is just health and Health Regen, and sometimes it feels like a wasted stat to just get health. And that is where Hungering HackRazor fits in, It proveds a bit AD, Crit, and a good chunk of Health and a small amount of Sustain.