This feature is currently unused.
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Pink Wood was a classified and featured wood type in Lumber Tycoon 2. In the game files, this type of wood is labeled as "GenericSpecial". It is unknown when it was exactly released, or if it will ever return to the game again.
It was available on consoles until its decommission, and could be rarely found spawning inside Oak Wood trees. Once Defaultio found out, he quickly patched it and removed all instances of Pink Wood from blueprints, trees, and others.
One week after discovery on June 28th, 2016, the wood was confirmed to be an extremely rare wood type with a spawn rate of 1 to 1,000,000; and was available during a certain period. On July 1st, 2016, the wood was decommissioned from the game and all instances of Pink Wood were replaced with oak wood.
Despite the wood's spawning mechanism being removed from the game, some exploiters have managed to create blueprints filled with Pink Wood. However, upon reloading their land, the wood becomes oak wood.
The string of code that allows the wood to spawn still exists within the game's code, however, it is not functional as the code is no longer active but rather converted into a comment (a string of text that has no effect on the game's functionality whatsoever).