There's actually an adaptation of that story involving a conductor with a broken down train who's lured from the tracks to investigate such a lantern, only to find a decapitated spirit. With the lantern.

It's kinda weird, actually, how much the spirit-with-a-lantern concept shows up. Will o' the wisps, fairy lights, to name a few.

And never for good intentions. Like, the spirit's never pointing out the way to a really good diner or something.

Sounds like they're being pretty literal with the Jack's lantern thing. Maybe you're supposed to hide really far away in the dark and see if you can lure kids away from the...

You know, maybe you should do that. That can't lead anywhere good.