From the Dragon's Hoard: The Demon's Throwing Axe of Returning

Countless thousands of years ago, God banished disloyal angels to Earth. Dragons were not happy with this invasion from Beyond and they managed to set aside their differences and racist resentments of each other to drive the angels to yet another dimension. They have been festering there ever since, hating the dragons as much as they hate God and his loyal angels. Soon, the fallen angels had morphed into demons and became dedicated to corrupting the beings of Earth physically and spiritually..

Roughly 45,000 years ago, the demons launched a major offensive, breaking free of the Underworld and pouring forth onto Earth, spreading death and destruction. The dragons once again came together and formed an even rarer alliance with the angels to, once again, drive the demon hoards off the earthly plane.

Among the dragons who battled the demons was a young red dragon named Brigid. She walked away from the Final Battle of the Demon War with the first powerful magic item for her hoard: The Demon's Throwing Axe of Returning

The Demon's Throwing Axe of Returning

This functuons as a +2 axe of returning.  It can be used in melee combat like +2 axe, or thrown at a target at range,

    When thrown, the axe has a range of 10 feet, plus 5 feet per each point of the wielder's Strength bonus. When thrown, it returns to the wielder's hand immediately after making a ranged attack. The wielder must make a Dex check (DC8) to catch it, but if the attempt fails, the axe strikes the wielder for 1d6+2 points of damage, then falls to the ground. If the wielder cannot catch it, it drops to the ground. This weapon is versatile and can be used in various combat scenarios, making it a valuable asset for players.