Krampus Helmet

Krampus Helmet is an Helmet  that gives  for every 50 Gifts given by the wearer, capping at 500  (25,000 Gifts).

On April 15, it was teased on Minikloon's twitter that this item can be used as a minion upgrade, like diamond spreadings, but it would give Red Gifts.

On April 21, In the new update they can now be used like diamond spreading to get Red gifts from minions

Obtaining
The helmet can be obtained as a rare drop from opening Red Gifts.

Trivia

 * The item was auctioned by Minikloon, a Hypixel Admin, before its official release to the public.
 * In Central European mythology, Krampus is an evil demon who punishes naughty kids (as opposed to Saint Nicholas, who rewards good kids).