Chop some of the top off.....it'll sprout new branches.

It should sprout new leaves without you doing anything to it at all. Good light (not full sun) will help. Regardless of what you do to it, it's going to take a few weeks before it gets around to doing much of anything. Dracaenas are slow, even by plant standards.

do you see any green bumps around the top of the cane?? that is what mine looks like when new shoots are just starting, it should regrow just fine:)

Well, it lost its leaves about a year ago and I haven't seen much change in it since. The other cane in the same pot is doing ok but this "stick" is doing nothing. There are no fresh buds on it, just 3 old "dried up looking buds" where the old leaves sprouted from. I just felt the cane and the "bark" around the bottom of it feels "buckled" or loose but it feels very hard, like a normal tree, toward the top.

If I chop the top of it off, do I need to wrap it in something or do anything special to it? Will a regular hand saw work?

If it's been a yr since growth, I'd definatly cut the top. Toni

If it's not done anything for a year, you can try cutting the top, but I think once the stem loosens or hollows out or whatever that it's done. If there's a firm section of cane somewhere, then you might be able to cut it out and root it separately, but after a year, I think seeing anything happen is probably a long shot.