If you have fewer than four creature cards in your graveyard at that point, the ability won't have any effect.

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So powerful in fact that two of the above five are illegal to play in Modern
Ognis, the Dragon's Lash has you choosing haste over the +1/+1 counter which also makes for a compelling argument in favor of riot giving you the power of choice
And with careful timing, the card can be boosted and swing without being blocked, netting you a giant hoard of Treasure to facilitate your most impactful plays