Gas Giant clarification

[DarkWolfe5]

I have a question regarding the "Gas Giant" card in Star Munchkin that came up. The term "Snatched" is used in regard to one of your items which we need clarification. What is the result of the "snatched" item? Is it discarded, made useless for the confrontation, or something we didn't think of?

One argument was that a snatched item is discarded while another was that the item is held by the monster for the duration of the conflict.

The agreement reached for the game was the snatched item was held by the gas giant and became one of the treasures for defeating it and discarded if you had to run away.

Thoughts?

Thanks!