Frost Moon

The  is an event triggered through the use of a Naughty Present, which is made using materials only available in Hardmode. It is the Christmas counterpart of the original Pumpkin Moon with increased difficulty, making it the most challenging event introduced thus far. It has 15 standard waves as well as 5 extra bonus waves.

During this event, the moon changes color to look like the face of a snowman.

Aside from the unique rewards you can get from the monsters in Frost Moon, this is also a very good source of Presents.

The Event
Like the Pumpkin Moon, there are a number of waves in the Frost Moon, and waves progress as you kill Frost Moon Enemies. Each Frost Moon enemy awards a differing number of "points" when killed. After a wave's points threshold is met the next wave begins, and the points score is reset to 0. When the player reaches Wave 15 there is a 25% chance each Ice Queen, Santa-NK1 and Everscream killed will drop their respective trophies. This increases to 33% at Wave 17 and 50% at Wave 19.

If the event is not completed by sunrise (4:30AM) the event will simply end.

The preparations
Due to the fact that this event is EXTREMELY hard, it is highly recommended (if not outright mandatory) to wear top-notch end-game equipment. It is furthermore highly advised to build an arena with traps (Lihzahrd-type ones) and lava to help deal with the waves of monsters, much in the same manner as with the Pumpkin Moon. The arena should also feature a nearby house serving as a spawn-point for dead players. Wounded monsters will regain full life if the house is too far away. The event lasts throughout the night only and will end on 4:30am, making high damage a must to properly advance and obtain loot.

Mage set: The mage set is perhaps the most powerful set due to the armor's ability to heal the caster and his/her allies. Despite making the wearer somewhat fragile, the healing output has the potential to usually pull through. With the game featuring some powerful magical weapons, the mage set can provide the greatest healing currently possible (surpassing the Vampire Knives). This makes it very nifty for multi-player and extremely recommended for single-player. The currently best magic weapon is Razorpine, though with this coming from the Frost Moon itself the player may try obtain any of the other weapons first. It should be noted that although the Nimbus Rod provides great damage, its mechanic makes it more of an assisting weapon. If the magic weapon uses little mana it may also take some time for the Magic Cuffs to be of use due, partly due to the large amount of Stars that are likely to be dropped by enemies. It will however be very convenient when fighting the Ice Queen at which point Stars are out of reach.
 * Armor: Spectre armor
 * Weapons: Nimbus Rod, Heat Ray, Inferno Fork, Bat Scepter, Razorpine
 * Accessories: Destroyer Emblem, Avenger Emblem, Sorcerer Emblem, Wings, Magic Cuffs

Ranged set: The ranged set is likely capable of lashing out the most damage. With the proper gear and a suitable positioning (to trigger/keep the armor's ability), chances are good the player can utterly destroy any incoming enemies near instantly. The ranged set does however not supply any sort of healing, and is thus dependent on the healing of a mage or possibly the protection of a tank. As such, the ranged set is unlikely to succeed in single-player and is mainly for multi.
 * Armor: Shroomite armor (with a helmet variant that benefits your weapon)
 * Weapons: Candy Corn Rifle, Rocket Launcher (using Rocket III for ammo), Stynger, Snowman Cannon
 * Accessories: Destroyer Emblem, Avenger Emblem, Ranger Emblem, Celestial Stone, Wings

Melee damage set: The melee damage set is, like the mage set, mainly aimed at sustaining the player through healing, in this case by the Vampire Knives. As it can only heal the caster is does not make much of a healer in multi-player, and its damage output can not compete with that of the ranged set. As such it is more of an alternative to the mage set in single-player (although it is unlikely to surpass the damage of that too), though may perhaps offer some entertainment in multi-character as another way of dealing damage. If this is attempted, this set will contribute more from a stronger weapon than the Vampire Knives - given the player is healed by a mage. The melee damage set is however powerful enough to alone survive several waves of the Pumpkin Moon and Frost Moon events, and can thus be used to obtain weapons for other sets (such as Razorpine).
 * Armor * : Chlorophyte Mask (head), Turtle Scale Mail (chest), Hallowed Greaves (legs)
 * Weapons: Vampire Knives, The Horseman's Blade, Christmas Tree Sword, North Pole
 * Destroyer Emblem, Warrior Emblem, Celestial Stone, Fire Gauntlet, Wings

* These items are chosen purely on trying to maximize +% damage. They may not actually be the best items for generating melee damage.

Tanking set: The tanking set is, like the ranged set, aimed at multi-player. Its purpose is to direct monsters' attention so that more fragile characters can butcher them all. For this reason the set has a high value of defense, and subsequently lesser damage than the other sets. If, during multi-player, the overall healing is good enough, some defense-granting accessories may arguably be replaced by damaging-increasing ones, such as those used by the melee-damage set. The weapon can similarly be something else than the Vampire Knives. Though the player probably won't die that often, this set is unlikely to perform well in single-player due to how the low damage won't allow for much wave advancement.
 * Armor: Turtle armor
 * Weapons: Vampire Knives
 * Accessories: Paladin's Shield, Frozen Turtle Shell, Celestial Stone, Ankh Shield, Wings

Notes:
 * All players should buff themselves during the fight. Suggested items to buff with are Flasks, Potions, a Heart Lantern, a Campfire, and a Water Candle (to increase number of monsters dying to improve wave advancement).
 * Please note that all the mentioned items above are recommended to have good modifiers, if not the best.
 * The mage, ranged, and melee damage sets should have Menacing (4%+ damage) and the tanking set should have Warding (4+ Defense).
 * The Wings accessory may not be of use until the Ice Queen shows up, they being required for chasing her and dodging her attacks.
 * It is recommended to acquire wings with as much fly time as possible, this currently being the Spooky Wings, Festive Wings and Tattered Fairy Wings.
 * The Vampire Knives will not work on targets under constant damage, such as when standing in lava or below a Nimbus Rod-cloud. A way to solve this is by making an arena in which the player is partly surrounded by a large rectangle of blocks. The Everscreams and Santa-NK1s will be able to pass through the wall and rise to the "floor" of it, (thus getting above the lava) at which point the Knives can hurt them, while the other monsters are kept outside/below the rectangle and has to remain in the lava.

Enemies in and points required to reach each wave:

Total points required to reach Wave 20: 10,160

Points Awarded for Defeating Enemies

 * Zombie Elf: 1
 * Gingerbread Man 1
 * Elf Archer: 2
 * Nutcracker: 4
 * Flocko: 4
 * Elf Copter: 6
 * Krampus: 8
 * Present Mimic: 10
 * Yeti: 16
 * Everscream: 40
 * Santa-NK1: 80
 * Ice Queen: 120