"A giant katana stuck in a rock. Not worth much, except for the sweet working katanas it comes with."
The Sacrad Katana Stand is a Collectible-tier item rewarded to those who bought it or unboxed it before weapons were made obsolete, even though the description states "working katanas". Like many other melee weapons, it gives a speed boost. When you hit someone with it, they play a sitting animation. As of 6/13/2017, this does not give players katanas.