Sorcery, G (1) Target opponent chooses a card in your graveyard. You may pay {G}. If you do, repeat this process except that opponent can't choose a card already chosen for Forgotten Lore. Then put the last chosen card into your hand.1 In ashes are the gems of history.
Illus. Harold McNeill
10/4/2004: It does not target the opponent, but you choose an opponent to do the targeting.
10/1/2008: You target an opponent when you cast Forgotten Lore. The opponent chooses a card in your graveyard as Forgotten Lore resolves. After that choice is made, you're given the option to pay {G}. If you do, the targeted opponent must choose a different card, if there is one. (If there isn't one, this part is skipped.) Then you're given the option to pay {G} again. As long as you keep paying {G}, the process continues. As soon as you decline to pay {G}, the last card that was chosen by the opponent is put into your hand.
10/1/2008: The spell has no knowledge of cards chosen for other spells named Forgotten Lore.