hahaha same like my problem dude.. it's because mysql version ..
so i made changes
search at itemdb.sql
# REPLACE INTO `item_db` VALUES (542,'Festive_Cookie','Festival Cookie',0,10,NULL,10,NULL,NULL,NULL,NULL,0xFFFFFFFF,7,2,NULL,NULL,NULL,NULL,NULL,'itemheal rand(325,405),0;',NULL,NULL);
remove #
REPLACE INTO `item_db` VALUES (542,'Festive_Cookie','Festival Cookie',0,10,NULL,10,NULL,NULL,NULL,NULL,0xFFFFFFFF,7,2,NULL,NULL,NULL,NULL,NULL,'itemheal rand(325,405),0;',NULL,NULL);
repeat this, and try to import ur itemdb.sql again have fun