Also available at Steam Workshop

This mod is multilingual [DE, EN].
The Mod is compatible with any version of Skyrim, inclusive Dawnguard.
Please endorse this mod if you like it.

Version 1.0
The Khajiit Caravans sell the "Ring of Khajiit" with the stats from Morrowind.
When equipped you get a power which makes you invisible and faster for 20% for 30 seconds.
You can use the power once a day.

Bugs:
For some unknown reason the speed mult activates only after an action, like jump or sprint.

Install:
Copy the "data" folder from the archive to your Skyrim directory.
If asked to overwrite, say yes.
Start the Skyrim launcher, go to "Data Files" and make sure the files are activated.

Uninstall:
Delete the morrowind_ring_of_khajiit.esp from your "...\Skyrim\data" directory.

Note:
The used textures and meshes are original in Skyrim and made by Bethesda, but they didn't use them for some reason.
So I did and tried to make the ring mostly like in Morrowind.