This item was added to the game with the Christmas Update 2008. Provides a green light, if enchanted and equipped. The enchantment will last for a completely random amount of time, anything from 1 day to 1 week and maybe longer (reports of over a year are rare). After that you will have to recharge the statue once again to get it glowing. The only way to remove the enchantment is to equip the statue and wait.