Background
Freya's cloak is a magical cloak. Who made it and where it comes from is unclear. It is never mentioned in the comic books nor in folklore who created it.
Description
The cloak is made of golden feathers and seems to be a full thick winter cloak.
Powers
Freya's cloak permits it's wearer to transform into a falcon while retaining their mental faculties such as their personality and memory and intelligence as long they choose.
If I had Freya's Cloak
Not that this will be the most exciting entry as far as what I would do but it is one of those where you just sit back and think of the possibility of things. Firstly one has to consider that the falcon is a bird of prey. So if you're starving you can go hunting and find food. Secondly falcon's are small creatures relative to humans so if you found yourself homeless it would be easier to find a place to bed down for the night by assuming your falcon form and sleeping in a small space in an abandoned building or mountain ledge.
Since falcons fly and can soar using the cloak on a daily basis is good for the environment. Instead of driving your car or taking mass transit you just put on the cloak and transform yourself and fly yourself where ever you are going: to work, visiting friends and families or just for a joy ride. As a falcon you can even carry small items under five pounds with you as long as you have the means to grasp it. So in theory you can do at least some of your groceries or other shopping traveling as a falcon. If you wanted to take a solo vacation you could travel as a falcon since they're migratory birds and usually migrate alone. You would have to have your luggage sent ahead of you but you could fly to your destination and then pick up your luggage and check in.
Thanks for reading