Depends on the gear. If it's common, I acknowledge it. If it has a useful effect, I give a nod. If it took a hard boss battle to acquire, I play it an appropriate song from my music library. If it's legendary gear, I salute it and wield it with Queen's Don't Stop Me Now in the background.
Depends on the gear. If it's common, I acknowledge it. If it has a useful effect, I give a nod. If i