Parallax Wave, Felidar Guardian, and Peregrine Drake

Prerequisites

• Parallax Wave and Peregrine Drake on the battlefield
• Felidar Guardian in hand with mana to cast it ()
• Two or more counters on Parallax Wave

Steps

1. Cast Felidar Guardian
2. Target Parallax Wave with Felidar Guardian's ETB trigger and hold priority
3. Activate Parallax Wave twice, targeting Felidar Guardian and Peregrine Drake to exile them
4. Resolve Felidar Guardian's trigger, blinking Parallax Wave
5. When Parallax Wave LTBs, Peregrine Drake and Felidar Guardian return to the battlefield; stack their ETB triggers to resolve in that order
6. Resolve Peregrine Drake's ETB ability and untap 5 lands (tap the targeted lands to float colored )
7. Target Parallax Wave with Felidar Guardian's ETB trigger and hold priority
8. Repeat the loop from the top for infinite colored mana generated by Peregrine Drake's land untap ability

Results

• Infinite ETB
• Infinite LTB
• Infinite colored mana