The Magical Broomstick is a Mount summoning item dropped from Pumpking during the Pumpkin Moon event. When used, it summons a Magic Broomstick Mount.
The Magic Broomstick can fly quickly in any direction and hover, but requires the arrow keys to be used to lift it off the ground. After 15 seconds of being constantly in the air, it will begin to descend automatically, and must land on the ground again to reset its flight time. It has a top speed of 82 miles per hour and negates fall damage.
The Magical Broomstick does not increase the player's max height, allowing them to go through regular doors when mounted.
This item's buff tooltip is a reference to the Wicked Witch of the West from the movie The Wizard of Oz.