Indeed it does!

"...hey, something in your bag seems to be burning," Jaune said, glancing back at Ruby.

She blinked and looked down to see glittering silver mist emerging from her bag. Immediately, she reached in, and pulled out the lamp. The moment she did, more mist erupted out and enveloped her, causing her to yelp and try to escape with her Semblance as she dropped the lamp, but try as she might, she couldn't exit the cloud.

"Ruby!?" Jaune asked in shock as he watched, a surge of adrenaline managing to cut through his motion sickness.

Ruby was lifted into the air, nestled within the mist as it began its work, starting with her mind. It found her heart quite appealing to work with, and began to soothe her fear. Her terror melted away, replaced by a serene calm at the situation, feeling reassured that somehow, what was happening to her wouldn't be some terrible fate, though it might seem that way to an outside perspective.

Jaune ran to try to pull Ruby from the mist, but it simply blew him back. "Ouch!" he yelped as he hit the wall.

Ruby moaned as the mist continued to work its literal magic on her heart and soul, already not wanting it to stop. Her clothes began to dissolve into the mist, but she didn't protest, not at all bothered by the nudity as her inhibitions also melted away. Her innocent exuberance in regards to life was melded seamlessly with the sexual knowledge of the lamp, with her able to think about all manner of hedonistic and normally impossible sexual acts without the slightest bit of discomfort.

Then, the mist began to work on her body. Every blemish faded from her skin, from simple pimples to more permanent marks like small moles and even her faint training scars. The mist seemed to be absorbed into her skin as it did its work, producing an absolutely wonderful sensation for Ruby. "Oh... Oh yeah, keep going!" she moaned, arching her back as she floated.

Jaune meanwhile moved towards the door to go get help, but a wisp of mist went into the keypad, tampering with it to keep him locked in. Not that anyone would be able to stop the process, but the lamp wanted to make things as convenient as possible later. Scrutiny was not something it desired unless the Master chose it after getting an idea of what he was dealing with.

A particular thick trail of mist hovered over Ruby's breasts, almost considering, before sinking right in. She gasped as sensations flooded her small tits, which expanded, ever so slightly. She still wouldn't be winning any size contests with Yang, or other peers but her boobs were now a bit more noticable as they reshaped slightly, making them absolutely perfect for her frame. Her hips also flared out just a bit more, and her pussy tightened a tad. The lamp had seemed to prefer subtle adjustments with her.

Then, jewelry began to form. A golden collar materialized around her neck, containing a single large, silver diamond encrusted in it. Similarly, her wrists were bound in tight, but not circulation restricting, wrist bands, also encrusted each with a diamond with the silvery glow. Her head gained a circlet as it formed, and her ankles were bound in bands as well. Her slender biceps were the final touch, each gaining gold bands around them.

Then came the clothing. Fine, sheer silver silk often found on Vacuo exotic dancers began to form on her body. A sleeveless top materialized on her chest, leaving her midriff and some cleavage bare. Around her lower half, poofy pants came into being. From the bands on her biceps, detached sleeves flared out, and attached by the corners to the circlet, a veil covered her lower face. The silk was amazing, comfortable, caressing her skin sensually. And quite sexy too, given it was essentially transparent, leaving nothing of her form to the imagination.

Then, the sensations running through her intensified in her feet. She looked down, seeing her toes begin to disintegrate, turning into more mist and yet... She could still feel them, and they felt amazing, albeit odd, not quite like toes anymore. The mist moved up her feet, and then her calves, followed by her thighs, before finally ending at her hips, stopping just at her midriff, the transition from flesh to mist actually looking smooth and seamless. The mist around then fully coalesced into what seemed like a long, sinuous tail made of it, attached to her torso, and the other, thinner end firmly attached to the spout of the lamp.

She could actually feel the tail like it was fully solid and part of her body, and she was able to move it on instinct, taking moment to experimentally undulate it, even tugging with it, but was completely unable to detach it from the lamp, or even move said lamp.

"Ruby? You okay?" Jaune asked, hesitant, blushing as he saw her attire and looking away.

"A little confused, but I honestly feel great," Ruby said, not at all bothered by the fact that she was garbed in a way that would be honestly less slutty if she was naked. Then, she felt a pull on her entire being, and saw the lamp seem to get bigger, and closer, and realized she was shrinking down and being pulled in. Feeling a sense of reassurance and security, she didn't fight it, and she knew she couldn't anyway, so willingly let it play out. With an audible pop, she entered the spout.