The Christmas Cracker was dropped on Christmas of 2001, and has changed Runescape in ways no-one could have imagined. The Christmas Cracker has a unique action it can perform, "pull cracker." If you were to select this action via right clicking the Cracker while its in your inventory, it will say pull cracker with which player. Simply use it on another player and fireworks will shoot off and both players will receive an item. 50% of the time you'll receive one of the six colour party hats (refer to next section) and the other 50% of the time you'll get a random item. It has been reported that these items may include: Rune Square Shields, Rune Long swords, Rune Short Swords, Rune Medium Helmets, and Adamant plate bodies (the complete list is not entirely known.)

The Christmas Cracker has always been the rarest of all Holiday items, for many players choose to pull their Crackers instead of holding onto them. The other factor that makes them all the rarer in this day and age was "The Great Dupe." To make a long story short, two players found a loop hole in RuneScape where they could combine an outside program with a glitch in RuneScape to duplicate any item in the game. They chose to duplicate Christmas Crackers, and had a massive party where they pulled all of the crackers they had with random players, releasing a massive amount of party hats into the RuneScape population and decreasing the amount of Crackers.

The dupers were banned permanently from RuneScape but their profound effect on the Holiday Items will remain forever. You cannot wield the Christmas Cracker, so it's extremely difficult to tell how many are still in existence. My guess would be anywhere between 100 and 200 are still left in the game. As time goes on, the Cracker's price rises higher and higher, due to most players who have them and are not wanting to trade them.