Goto Grey Lord
Ask Grey Missions

Goto Beholder
Getting to Beholder:
If you have a lock picker you can avoid all of the key portions and just pick the doors open.

Goto Huge Basilisk located in the mirrored halls of the Ancient Ruins
Kill him and take the chrome key he drops
Start wandering around the ruins looking to kill dragon serpents
There are five different colored serpents that drop fangs, you will need one of each color
Once you have all 5 colors White, Black, Green, Blue and Red you need to find the dragon carving
It is located off an exit you cannot see (in the ancient ruins) unless you read the room description and see the alley
You type 'go alley' to get into the room with the dragon carving
You now put each fang into the dragon carving in the order of White, Black, Green, Blue and Red
Out will pop a dragon key (it just shows up in your inv)
Use the dragon key to open the door to your west.
After going through the dragon key door, you bash the next door to the west and go west, then all the way south
You will find a locked door to the south, this is where you use the chrome key from to Basilisk
Find the room with the library in its decription, there is a trap to the northeast (where you are going)
After going northeast you go one room north and then walk through the wall to the east
Move painting then go west and south and you will see a secret passage now open to the east
Go east into the Beholders room and kill him
Take the eye of the Beholder when he dies

Goto Grey Lord
Ask Grey Eye

Quest Complete, you will get a stat enhancment that varies for each class along with 2 million exp

Credits:
Frost