An item? I suppose the answer is Yes, though "item" seems a slightly odd word in this context, given that the words on the card are describing something abstract.

By the way, as a follow-up to Rosie's question a while back, googling the phrase on the card does turn up one figurative use, and there may be others. But the one that shows up on a google search is pretty arcane (I'd never heard of it, and I would have been more likely to have come across it than most people here). So I don't think hunting for the figurative use will get you anywhere.

Eh? No.