With Regenerate, you essentially set up a replacement effect in the form of a "regeneration shield", so to speak, before the Creature would be destroyed, and once that's done, Regenerate replaces the next instance of the destruction of said Creature with: tapping the Creature, removing damage from it, and removing it from combat
It looks similar to the one in Fire The Cannons
Unfortunately, the move takes plenty of Fire energy to pull off, but Ho-Ohs ability certainly speeds up this process to ensure you can get the move off as quickly as possible
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