It is the supposed ability to perceive or predict the future. While it may be a hoax in some ways, it is not at all in others. We are all, to some extent, gifted with the ability to predict the future.
What we choose to imagine and manifest will likely be what we experience. If we expect failure and disappointment, we will surround ourselves with it. On the other hand, if we select success and happiness, we will find that so much that we do brings us joy and prosperity.
Where do you choose to apply your mystical powers?