You don't choose a target for A Premonition of Your Demise at the time its ability triggers
They are pretty much two types of cards sagas, and creatures rolled into one
I've watched Peter Parker go through trials and tribulations, reach the heights of personal success, and then go back to square one many, many times
It ported over to the UW Humans and Bant Company decks of Shadows over Innistrad Standard, and even broke into Modern for a time (back when Celestial Collonade and Vendilion Clique were the bread and butter of the deck)
The cherry on top is the high defense, which enables it to attack well and block incoming attackers
Those who've played with Land Tax will tell you that while that's not a half-bad deal, they can go one step further: they can get three cards every turn for the rest of the game for the same one mana