No... for a few reasons. The main reason being that because it has been discontinued and people have already traded ridiculous amounts for it. You really want to reintroduce an item that has already been established as a rare item? Seriously? You can approach this topic as "I don't want one, I just want to know what people think" all you want, but really, no one's stupid, we/I know what you're getting at. Just because you and your friends and multiple other people don't have one doesn't mean the game should cater to your every want and need.
YOU missed out on the flip hat, TOUGH LUCK. I hate to be so blunt, but that's how any and all games involving trade goes, especially discontinued items.
If you or anyone else really wants one, SAVE for it. Tessa traded FIVE clocks for a flip hat.
EDIT: Just to clarify and as an added note. There are two sides to this game, the social and care-free side, and the community that's in it for the trade. If you reintroduce a discontinued item the value of that item becomes ZERO. And I can guarantee you that all the people who will trade theirs in the future because rarity will inherently increase over time will be PO'd.