A Party Hat is a discontinued item that was obtained during the 2001 Christmas Event. They were obtained by pulling a Christmas Cracker with another player. Party Hats do not provide any stat bonuses when worn; they are purely decorational. Party Hats were sold for very small amounts at the time of the event, however because they are discontinued and rare they became increasingly sought after. Party Hats are now worth millions of coins, and are worn as a symbol of wealth by players.