The Saxxy is a
golden trophy with a statue of Saxton Hale, the namesake for the trophy, that is awarded to people who have prodcued a winning entry for the Saxxy Awards, an annual animation contest using
Source Filmmaker, for reaching a certain category (such as Best Overall, Best Drama, Best Comedy). The Saxxy, when given to winners of the Awards, is dropped to players as a melee weapon for all classes in
Team Fortress 2. It functions the same as the stock melee weapon as the wielder's class plays as. Enemies killed with a Saxxy become solid Australium statues for cosmetic effect.
TF2
Animator: *submits a 3 minute long high-quality comedy
animation for Saxxys*
The entry wins.
TF2 Animator: *loads up TF2 and sees a alert saying the player has a new item*
The new items is the Saxxy award with the
description saying which category the animator has won, in this case, it's Best Comedy.