Scrapping

Scrapping is the process of breaking down crafted items into more useable materials. For instance, if you accidentally created something with the Pot of Randomness that is not what you wanted (for instance, you wanted an Auractyst, but you got some Chaotic Item), scrap it and get your crafted items back. This way, you can preserve the contents of your inventory. HOWEVER, it only takes them down by one level. You don't get any of the original Loot Items back unless they were in the recipe.

Trivia

 * I don't know why this hasn't been made before.