It's not even an ornately carved stick! It's like something that might be passed down with grand ceremony at a kid's summer camp:
"Jimmy, as the winner of this year's wacky obstacle course race, we entrust to you the keeping of the Beaver Lodge Log for the rest of the session. Keep is safely, keep it proudly, and for goodness sake's, Jimmy, keep it away from the campfire."
(I kind of love it.)