I think the Life Giving Amulet shouldn't be used up when you are resurected, but when you use it to resurect yourselt the item becomes an Empty Amulet/Empty Shell, and it looks different, like it's all dull, the colors are a couple shades darker and the gem part doesn't glow.
If you go down to a nightmare place and find the Elixr for that amulet you can apply/use/place in the amulet you need to reuse and it turns the Empty Amulet/Empty Shell back into the Life Giving Amulet or whatever amulet you were using. You have to find the different elixrs for the different amulets, and they wouldn't be easy to find, plus, they don't stack, so if you went on an elixr hunt, you could only carry as much as your inventory allows...
AND don't forget the nightmare monsters you'll have to fight off while hunting for the elixrs. This would make geting amulets back almost as hard as finding the gems unless you've got an old file... It would be kinda hard to get them, since it's like harvesting a bush, it takes time to get the elixrs rather than like a carrot you just grab.
Also, when you use an elixr your sanity would lose alot of sanity (But just for the rest of the day!) So while you've got the amulet you're now running from normal monsters. If you didn't have a stack of food waiting for you in a chest, you'd have to eat beardlings and that night/evening/day that happened after you used the elixr your sanity would go back to what it was previously (NOT COUNTING THE DAY/NIGHT YOU SPENT WITH LOW SANITY!!!) henceforth, if you picked fifty flowers and got sanity higher than your sanity before, it would go back to your sanity before picking the fifty flowers and using the elixr.
A plus is while you have an elixr on you, you'd be kept warm, like a nevercoldening heatstone, and if you eat/drink the elixr you'd get all your health, hunger, and sanity back, but monters would be drawn to you for a couple of minuites (Hint not drink/eating them at night).
You CAN Feed them to other animals E.X pigs, spiders, merms, and houndsthat eat things off the ground. This woul turn the animal onto your side, so if you gave a spider queen an elixr she (and her babies) would fight on your side, or if you had a hound eat one, it would fight (forever unlike the others) on your side. a pig or merm would follow you around telling the other pigs/merms to also, so if you fed one pig an elixr, you'd get five pigs until the one that had the elixr's alligence to you wore off.
ALSO If you harvest an elixr, you can plant it in a farm, where it would take an annoyingly long time to make two elixrs (henceforth after like five days of waiting you'd get more than you started with). Of course, these plant grown elixrs will attract hounds/pigs/spiders/exc... until they are picked up, and, unlike other plants, will harvest themselvs, so if you aren't around when the plant is done, don't expect to gert the elixrs.