Bandages
From UO Lost Lands Wiki
Bandages are created by cutting up cloth using scissors.
Each time you use scissors on cloth, it will create one bandage. This equates to 1 bandage being created every 1 second. It is useful to have a Razor macro which creates bandages for you, which you can toggle on/off when you need it.
Alternatively, bandages can be purchased from a healer. However it is far more expensive to obtain them this way.