As of 2008, this item no longer drops during the Hallow's End fight of the Headless Horseman in the Graveyard wing of Scarlet Monastery. Now only the [Magic Broom] drops. It was changed so that it will work at different speeds on land and air depending on the player's Riding skill and location.
It was BoU, and had a 14 day duration from when first used. Players who never used this item may still have it and can still use it.