What is Exalted?
Exalted is a triggered ability that works for creatures that attack alone. If you have a creature with exalted, then any creature that you control that attacks alone will get +1/+1 until the end of the turn. Whenever a creature you control attacks alone, count the number of instances of exalted among permanents you control. After those abilities resolve, thats how many times the creature will get +1/+1. In large numbers, exalted is extremely deadly since a single creature will recieve multiple bonuses for attacking alone while leaving the rest untapped and able to defend. Exalted first appeared in Shards of Alara and also featured in Conflux and Alara Reborn. Exalted returned in the Magic 2013 Core Set
Tom starts his hand with two Plains, one Forest, one Island, Akrasan Squire, Rafiq of the Many, and Finest Hour. First turn, he puts his Plains onto the battlefield, taps it, and plays Akrasan Squire. Next turn, he draws a forest, puts the forest into play, and attacks with Akrasan Squire for 2 . Third turn, he draws another Akrasan Squire, plays his forest, puts the Akrasan Squire on the battlefield, and attacks with the Akrasan Squire alone for 3 damage. Fourth Turn, he draws an island, plays an island, plays Rafiq of the Many, and attacks with Akrasan Squire, doing 8 damage. Next turn, he draws Battlegrace Angel, plays an island, puts Finest Hour into play, and attacks with Rafiq of the Many, doing 14 damagefor game (Rafiq of the Many attacked alone, gaining +4/+4 until end of turn) 2+3+8=13+14=27 20-27=-7 life