Super Munchkin: Does Big Hair allow unlimited stealing?

[Morfs]

Hey guy, i was playing super munchkin yesterday when i saw Huge combo, that i didn't know if i could use it....

Like, if i have the THEFT ability:
(You may discard a card to try to steal a small item carried by another player)

And i have a BIG HAIR too:
(Any event that would normally make you discard Big Hair simply returns it to your hand, and you can play it at any time after the end of the turn in which you lost it)

Could i keep stealing items from players? 'Cause i could discard Big Hair that he would get back to my hand, then.. ai could discard it again..

Is that right?
I understood, PLAY IT (Big Hair rule) as if i could equip it after the end of the turn..
But nothing says about discard it or use it only at the end of the turn...
So, i could use this combo 4ever? =D

Please help me with that guys~~
Thx!