Pouncing Paws

Instant - Destroy this: Create a Crouching Tiger in your banished zone. You may play it this turn.

Battleworn

Rulings

From the Bright Lights + Round the Table release notes

If you do not play the Crouching Tiger this turn, it remains in the banished zone for the rest of the game and can not be played in subsequent turns with this effect.

Keyword notes

Battleworn - Equipment that wear down after each time they are used to defend. If you defend with a card with Battleworn, put a -1{d} counter on it when the combat chain closes.

When you defend with a card it remains on the combat chain until the chain closes, therefore you cannot defend with an equipment multiple times on the same combat chain.
A -1 counter stays on the card until the card is destroyed or the game ends.
If the defense of a card that is defending is below zero, its defense value is considered to be zero.
When this card is destroyed, it is sent to your graveyard. (Not when it has 0)
When this card is destroyed, it is sent to your graveyard.
If the defense of a card that is defending is below zero, calculate as if its defense is zero.