Partyhat

Partyhats, also known as phats for short, are obtained by opening Christmas crackers, dropped during the 2001 Christmas event. There are six different coloured partyhats, all with the same shape. When worn by a player they resemble a crown. Because they are discontinued, they are very rare and much sought after. Partyhats can usually fetch between hundreds of millions of coins when sold, however they don't give any stat bonuses and are usually worn to show wealth. These are currently some of the most valuable objects in RuneScape. However, partyhats are very unstable, usually skyrocketing in price, or crashing. They are either used as junk to trade extremely rare items, or traded with junk depending on the current street prices (probably due to their 1% trade margin, and not being able to keep up with current street prices.) An important factor in the price of partyhats is due to a glitch that allowed players to create any non-stackable item, the price of partyhats (especially the purple partyhat) was drastically changed after players abused this glitch by creating many partyhats. (See Partyhat duplication glitch for more info.)

Due to their high price, they have become recognised as a symbol of wealth in the game by players and non-player characters alike.

jkxjkxbcnkcxnmklcx.klv vnlijklvcnBlue partyhat large.gif Blue partyhat

 * White partyhat large.gif White partyhat
 * Red partyhat large.gif Red partyhat
 * Green partyhat large.gif Green partyhat
 * Yellow partyhat large.gif Yellow partyhat
 * Purple partyhat large.gif Purple partyhat (thought to be a pink party hat in runescape classic and on the first release of party hats)

Jagex and partyhats


Jagex have stated that they wish to never recreate the effect that partyhats have had on RuneScape's economy. This is the reason that tradeable holiday drops were removed and replaced with events with untradeable rewards.

Trivia

 * When examined, partyhats say "A nice hat from a cracker.", which refers to Christmas cracker, which when pulled gave a Party Hat and a few other items.
 * It is rumoured that it was no longer possible to High Level Alchemy or Low Level Alchemy a partyhat. This is not true, the partyhat is simply turned into one coin. The player however, will be prompted with a confirmation message as for all items with a Grand Exchange value of 500,000gp or higher.
 * Previously, bald players with partyhats grew hair when wearing one. This was fixed by Jagex.
 * Partyhats have become one of the most expensive items that offer no bonuses.