diff --git a/app/assets/javascripts/closet_lists/form.js b/app/assets/javascripts/closet_lists/form.js
new file mode 100644
index 00000000..39e80cf5
--- /dev/null
+++ b/app/assets/javascripts/closet_lists/form.js
@@ -0,0 +1,7 @@
+document.addEventListener("change", ({ target }) => {
+	if (target.matches('select[name="closet_list[visibility]"]')) {
+		target
+			.closest("form")
+			.setAttribute("data-list-visibility", target.value);
+	}
+});
diff --git a/app/assets/stylesheets/closet_lists/_form.sass b/app/assets/stylesheets/closet_lists/_form.sass
index 2ec70c54..a65f6a86 100644
--- a/app/assets/stylesheets/closet_lists/_form.sass
+++ b/app/assets/stylesheets/closet_lists/_form.sass
@@ -1,4 +1,5 @@
 @import "../partials/secondary_nav"
+@import "../partials/clean/mixins"
 
 body.closet_lists-new, body.closet_lists-create, body.closet_lists-edit, body.closet_lists-update
   +secondary-nav
@@ -30,3 +31,15 @@ body.closet_lists-new, body.closet_lists-create, body.closet_lists-edit, body.cl
       font:
         size: 85%
 
+    .trade-warning
+      +warning
+      margin-bottom: 1em
+      padding: .75em .5em
+      text-align: center
+
+      p:last-of-type
+        margin-bottom: 0
+
+  // Only show the trade warning when the list is marked as Trading!
+  form:not([data-list-visibility="2"]) .trade-warning
+    display: none
diff --git a/app/views/closet_lists/_form.html.haml b/app/views/closet_lists/_form.html.haml
index 77c7cc40..6e0e231b 100644
--- a/app/views/closet_lists/_form.html.haml
+++ b/app/views/closet_lists/_form.html.haml
@@ -1,7 +1,8 @@
 - secondary_nav do
   = link_to t('.your_items_link'), user_closet_hangers_path(current_user), :class => 'button'
 
-= form_for [@closet_list.user, @closet_list] do |f|
+= form_for [@closet_list.user, @closet_list],
+  html: {data: {"list-visibility" => @closet_list.visibility}} do |f|
   %ul.fields
     %li
       = f.label :name
@@ -18,5 +19,16 @@
       %span.hint= t '.description.hint'
       = f.text_area :description
       %span.hint= t '.description.markup_hint_html'
+    %li.trade-warning
+      :markdown
+        Please use these lists *only* for real NC trades, negotiated on
+        Neopets.com! We need to keep users safe, so we'll delete *any* list
+        that seems suspicious.
+
+        If you're doing something more creative, please do so in another
+        setting, where traders can better manage reputation and trust. Thank
+        you!
   = f.submit t('.submit')
 
+- content_for :javascripts do
+  = javascript_include_tag "closet_lists/form"