Grab Yourself a New Cloak
Algernon's Cloak can be pickpocketed from Algernon on the second floor of Beregost's Feldepost Inn. Nice item. +2 in CHA and vitually infinite Charm spell.

Submitted by: Michael "Mindfish" Jensen

Ramazith's Deep Pockets
Some of the best pickpoketed items can be had from Ramazith in Baldur's Gate. You can pickpocket his Ring of Protection +2 and Amulet of Metaspell Influence at the bottom of his tower prior to talking to him; then you can kill him and loot them off his body once again at the top.

Submitted by: WizWom