When a Christmas cracker was cracked on another character, one person would get a party hat, and one would get a special gift.
Uses
Worn on the head.
Notes
This item use to be called the pink party hat until Jagex released RS2. As this is a tradeable discontinued item, its worth increases daily. One of the rarest items in the game, the street price is astronomical, and changes too often to be included here. Do some market research before trading.