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In a Two-Headed Giant game, life gained by your teammate won't cause Excalibur II's first ability to trigger, even though it caused your team's life total to increase
Throw in the life the opponent is paying for their fetch and shock mana base, and it's fairly realistic that just a Lightning Bolt or two could finish off the opponent after just a single Anathemancer
Alrunds Epiphany Time Squawk as the Magic comms team has christened it may be a big deal for controlling blue decks
Notably, it can be better than Balefire, if an opponent has a board of larger creatures, like a few dozen 7/7's or something, but even then you'd probably rather buff Balefire, or give it double strike