Runescape party hats are very expensive and rare. There is only so many out there. As each day goes on, more and more are lost. There is only two ways of getting a party hat. One way is to buy one from another player. The other, which is very unlikely, is to pick it up after someone has died wearing it or died with it in his or her inventory. (although without a skull above their head it is even more unlikely.

There are six different types of party hats, which are:
- Red Party Hat
- Yellow Party Hat
- White Party Hat
- Blue Party Hat
- Green Party Hat
- Purple Party Hat

The red party hat is worth around 230,000,000gp.

The yellow party hat is worth around 175,750,000gp

The white party hat, which seems like one of the rarest, is worth around 280,000,00gp.

The blue party hat, which is in fact very rare, is worth around 400,000,000 gp.

The green party hat is worth around 195,000,000gp and the purple party hat is worth around 160,000,000gp.

Of course, these prices change almost every week, it is impossible to get a definite exact number on anything. Party hats were first dropped in December 2001. They were the very first tradable holiday item. Not many people got them, as they were not expecting it. However, after they realized what Runescape had planned, they expected it. After awhile Runescape decided to make the items untradable and you could only get one. Then they decided to use NPC's to send them out. NPC means non-player character, in other words it's a computer.

Runescape party hats are all the rave. When you see one you think, dang I wish I were him! In addition, with a blue party hat, could you really resist wanting it? So what's the point in a party hat? There really isn't a point whatsoever. They don't boost your stats, they don't teleport you to some super awesome party land, and they don't heal you. They really are useless. So why are they so expensive? Well, they are over 7 years old! Any item that can survive 7 years of circulation deserves this high price.

These party hats, along with any other item like it, are rapidly increasing in value. Every time one is knocked out of circulation the price jumps higher. Soon there will be a trillion dollar party hat out there, and it will be the only one left. So, if you want to invest your 400,000,000gp into something worthwhile, go buy a blue party hat, store it in your bank, and wait. Wait for the year to come when the blue party hats are in the billions. (They will be there eventually.)

Now, that you know all of this wonderful information to help you get a party hat in Runescape, do you still want one, even though it's useless? Well I do. I want the whole collection and a Santa hat! If I had the whole collection I would go somewhere popular and keep switching them out like a flashy rainbow. Red to blue, blue to purple, purple to yellow, yellow to green, back to red! Ha-ha, it would indeed be a fun day. Especially with all the people out there that would say, "Hey can I have some money?" or "Hey dude can I have a party hat??". I would just keep switching them until I had attracted enough attention, then I would walk off and no doubt, they would follow me. Then it would be a party hat train. All aboard!