The Festive Candycane was a decoration available only for a limited time during the Christmas 2013 Event in December 2013.
It returned as a craftable reward in Act 2 of the Winter 2015 Event.
It returned on December 5, 2017 during The Invasion Before Christmas 2017 Event as a craftable item in Jesus' Carpentry Shop. It was unlocked at level 8 and costed 40 Magical 2x4's.
It returned on December 5, 2018 during A Simpsons Christmas Special 2018 Event. 8 of them were part of theFestive Bundle.