Lore of the Inuit peoples claim Labradorite fell from the frozen fire of the Aurora Borealis, an ordinary stone that transforms to the extraordinary, shimmering in a mystical light that separates the waking world from unseen realms. It is, in every sense, a Stone of Magic, a crystal of shamans, diviners, healers, and all who travel and embrace the universe seeking knowledge and guidance. For self-discovery, it is excellent for awakening one's own awareness of inner spirit, intuition and psychic abilities.
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Info from http://www.crystalvaults.com/crystal-encyclopedia/labradorite