The Christmas wand was a reward from the 2011 Christmas event, A Towering Feast. It gave stat bonuses while at the Wizard's Tower, however it did not give stat bonuses outside of the event area. When players equip it, a "Cast-at" option appears on other players, allowing the player to throw Christmas puddings at them. It also features particle effects.
Although classed as a melee weapon, it is considered a wand for the purpose of cosmetic overrides.