Parley —: Each player reveals the top card of their library. For each nonland card revealed this way, add and you gain 1 life. Then each player draws a card.
5/29/2014 Selvala’s parley ability is a mana ability. It doesn’t use the stack and can’t be responded to.
5/29/2014 If you activate Selvala’s ability while casting a spell, and you discover you can’t produce enough mana to pay that spell’s costs, the spell is reversed. The spell returns to whatever zone you were casting it from. You may reverse other mana abilities you activated while casting the spell, but Selvala’s ability can’t be reversed. Whatever mana that ability produced will be in your mana pool and each player will have drawn a card.
5/29/2014 Except in some very rare cases, the card each player draws will be the card revealed from the top of their library.