after i made an improvised backpack i started to see an item dsync (might be low server perf causing this?) because my axe disapeard from my hands and back but i still had the item in my hands .
So tested throwing it and i saw where it landed and tried picking it up again and it was in my hand but i could not see it (it was still displayed on the ground).
video of the issue if you need it https://www.youtube.com/watch?v=y2HBzO4Gw8g&feature=youtu.be
Got some rubberbanding walking over the bugged item
Using the x64 client
Build 61.136541 64 bit DayZ client
Fresh spawn with little to no gear, I found a hatchet and attempted to put it in my hands. I did not have a pack or clothing that would hold it. The hatchet never appeared in my hands and remained on the ground. Just after that I went to a apple tree and it gave me the option to cut branch or bark like the hatchet was still in my hand. I used the "G" key to throw, the throw animation completed and I was then able to search for apples.