Regenerating a planeswalker will prevent it from being destroyed as a result of a “destroy” effect (like the one from Reaper King). However, it won’t prevent that planeswalker from being put into its owner’s graveyard when its loyalty becomes 0.
01-05-2008
wotc
Reknit can regenerate an artifact, creature, enchantment, land, or planeswalker. If you regenerate a noncreature permanent, the next time that permanent would be destroyed that turn, instead tap it. If that permanent had any damage on it (because it had been a creature earlier in the turn), that damage is removed.
Random a card of Magic: The Gathering (MTG), but you can also roll the D20 dice, random a Planeswalker, have fun with the random rules and more.