Both games draw inspiration from the fantasy world of RuneScape

As the hats for parties were only available in limited numbers for a limited time, and have since been discontinued players lucky enough to own one has the option of selling the hats for billions of coins. While the hats are just for decoration and offer no any stat bonuses, they're currently the most expensive item on the Grand Exchange, hitting the maximum price of 2.1billion gold in the year 2015.

For a chance to own heads or the Golden Party Hat, players will have to complete "various objectives" and earn eight gold shards to reward their efforts. Once the eight shards are collected, they can be combined into the Golden Party Hat.

But, not only will the event time-bound the event is also limited to one golden hat will be designed by each participant. Just like their 2001 counterparts, Jagex says of the golden hats that "after the cut-off date they will not become available to be earned again!"

If the new item disrupts the game's economy and reduces the value of the existing party hats or transforms into a brand new even more premium item remains to be seen. Jagex will be celebrating the occasion all the same and will transform the in-game Grand Exchange location into "a Golden Party Hat winter wonderland".

The golden hat serves as the crowning event (sorry) to RuneScape's all-year-long 20th-anniversary celebrations. This event is launching alongside the return of the partyhat event is the fourth and final stage of the anniversary challenge, Once Upon a Time, which runs all through the through the year.

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