The "Frozen Gummy Bow" is a unique item that behaves like a dagger rather than a bow. It is not capable of firing arrows and thus needs to be used as a sword, but its dexterity still affects damage. When dropped, it'll look like a Dragon Nail (highest tier dagger). The tooltip is "I wonder if I could eat it."
The bow does 23-36 melee damage, and has the following stats.
Positive: + 2-7 Ice Damage | + 30% Durability | +7 to Agility | +4 to Dexterity
Negative: - 20% damage | -10% Attack Speed | -3 Intelligence | -5 Fortitude