"Limited Time" Icon on stuff - what does it mean?

I am wondering what this blue icon on the top left of my stuff means:

Since there is no “expiry” set on the items.

In most cases, it means it was available for a limited time, such as something that you would receive from a time-limited event.

In most cases is will not expire, but be sure to check the description of the item to be sure. It has also happened at lease twice that some of these items were made to expire much later on after they were originally available (the standings booster from an event last year, and the recently melted snowballs from previous events).

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