Very interesting idea! There's a problem though; I'd at least take them off if there's a risk of them drying up... That'd leave a pretty much superweapon.
Hmm. I guess he's some kind of an action star... Well, no-one's going to beat Steven Seagal. Anyone seen that one MAD TV episode? =D Trust me, this is a classic! http://www.youtube.com/watch?v=d82j_Qfp_VA
Ehh... I got somehow very confused, suddently hopping from belts to cloacks. -_- Sorry! I should put an effort on obtaining the belt of levitation next time...
Ehh... Oops. =) Sorry. You two look similar. Yes, I should've noticed that Bored one's in Finland. Terveeks.
To keep it from complete offtopic, I haven't ever had belt of levitation, so I always go with enchanted CoFR. A good one protects you completely, and you might not take any damage at all... But still be careful, the dwarven minefield blowing at your face will still kill you. Single mines won't even scratch.