So I looked into it again and guess what, it does work. http://www.wizards.com/magic/magazine/article.aspx?x=mtg/daily/td/96 Amazing
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Yes, It's too good to be true. Officially, that combo is broken/misleading. "You can't just move an Equipment off a creature, though – you have to move it onto a different creature you control." http://www.wizards.com/Magic/Magazine/Article.aspx?x=mtgcom/feature/171
@ Zanmor http://answers.yahoo.com/question/index?qid=20071129161845AAUa9Et I found this online, not sure how reliable it is, but it is a different opinion on the matter. He says you can't just "Unequip and equip over and over, which I think makes a little more sense, but if that's an official combo then hell, I'm using it, thanks.
Cephalid Illusionist/Shuko/Sutured Ghoul is a really good combo, but to unequip you would need another creature? i think Cloud of fairies would also be amzing cause you could play Cloud of faries then Cephalid and assuming you had Shuko in turn one your could draw and discard infinitely, ofc, against a counter deck this would probably never work tho. Also, for every Bridge from Below, you will get a zombie, so you can get like 9 zombies with 3 Bridge from below in the deck and next turn you bring your bloodghasts back (by dropping 1 land) and you could sac them to get another 9.
Thanks for the comment I realized you would have to Muligan sometimes to get right cards, I'm fizing it at the momment trying to harness better draws.