If you're hunting for a warp cannon in World 4 of New Super Mario Bros. Wii, you'll come up empty-handed. Warp cannons—which blast you to later worlds—only exist in Worlds 1, 2, 3, 5, 6, and 7.
World 4-2 does contain a secret: a hidden pipe located in the top-left area behind a block. This pipe leads directly to the World 4 Castle, letting you skip a portion of the level—but it's not a warp cannon and won't transport you to a different world.