How does Steal really work?

A couple questions about it:
1) Does it work if you 1hko the monster you're using it on? Or does it not work, like Taunt?
(If it does work, then it would be more efficient to hunt for Dews while using Steal, right?)
2) Someone said it cancels out event drop rates. I doubt it, but any thoughts on whether or not it actually does?

1) Works like Taunt.
2) No idea, you'll have to ask that other guy who more or less worked out the mechanics for Steal, but whose name eludes me at the moment.

1) It works even if you 1HKO the monster. The "stolen" drop should appear behind the regular drops.
2) That's just ridiculous.

1) It works even if you 1HKO the monster. The "stolen" drop should appear behind the regular drops.

It does?

Maybe I just haven't used it enough. ._.

I remember back in the days before BB Chaos etc, that if you succesfully steal a monster you wont get any drop from it: Example, steal steal steal a snail WOOT droped meso, now kill the snail it only drops the etc or potion.
Dont know if this has changed, once you get 1 item droped (etc, potion, usable, equip) it would not drop anything else. That was then though

Last time I tested Steal (when El Nido came out) it would only steal things the monster was already going to drop, and then the monster wouldn't drop that item anymore.

Steal doesn't work if you OHKO, just tested it.
Or, well, there's a very low likelyhood of it working, since in a few hundred Dual Beatles, Steal proc'd not once.

Yeah, we already confirmed on the Basil Shad forums that Steal doesn't duplicate items.

How are you guys testing how it works, since it doesn't duplicate drops?

What. This skill is not as complicated as you make it out to be. I've used it countless times before that mini, skill balance patch that made Steal a mob attack and every subsequent major patch after that.

1) "Stolen" drops should fly up from the monster if Steal is successful.
2) If you 1HKO the monster, the "stolen" drop should appear behind the regular drops.
3) If you steal an Equip, Use, Set-Up, Etc., the monster will not drop it again when killed.
4) If you steal mesos, the mesos "stolen" will be half of the amount the monster would have dropped and the monster can drop the mesos upon dying as well. So say a monster drops 1,000 mesos, if you proc Steal on the monster and mesos drop, the amount "stolen" will be 500. When you kill the monster, it may also drop its default 1,000 mesos so you end up looting 1,500 mesos.