The expired spin ticket is a reward from defeating Yelps during the quest The Mighty Fall. It is automatically put into the bank of players that spare him, and can be obtained through searching Yelps's chest at the Goblin camp in the Bandos arena for those who killed him and those who have lost it.
As part of the Mod Deg trading sequence, if you use the expired spin ticket on Wizard Goldberg in the Runecrafting Guild, he will say "The sign! Take this brother/sister, and guard it well.", and give you a nearly boiled egg. The ticket can also be used to name a Baby Troll.
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