Why does my KC Flash feel so happy that he found a shiny axe thingy?

Can he pick it up? It's a heavy object

A.O.D. its equpiment. Standard characters can pick up and equip it. Very scarry gamepiece!

So, do equipment take up slots in the booster or do they come with their corresponding "wielder"?

With the new rules coming soon ... only characters with super strength can carry heavy objects period.

Yes, but you don't need to carry it to equip it. Any standard character can equip it.

From my understanding, there is one object in the starter set, there are figures in the set that come with other objects (Executioner with Bloodaxe, Thunderstrike with Thunderstrike, etc.), and each Colossal booster will come with an object as well.

Hey Hulk, mind holding this for me?

Does the executioner have to add these 10pts to the build total or is it free when they have to equip it?

Any character that can begin the game with one of these items equipped does not have to pay for it.

Perma-EW for the brick of your choice, with Steal Energy buttercream icing and Battle Fury sprinkles. Ouch.

As an uncommon piece of equipment, the Bloodaxe is a true gift to those of us who want to play teams with long-dial close-combat monsters. Shape Change is becoming a common 'extra' defensive power added to low-cost dials, so equipping a tent-pole with Battle Fury isn't nearly as much of a trade-off as it used to be in earlier eras of HeroClix. Besides Executioner, I've had LE Lobo and the lower-point Venom Hulk swing away while equipped with the Bloodaxe.

JW Bane loves this thing.

Avengers Infinity Drax loves this Weapon.