Pink Gel

Pink Gel is dropped by Pinky, and its use is crafting Bouncy Glowsticks, Molotov Cocktail, Bouncy Bomb, Bouncy Grenades, Bouncy Dynamite, Restoration Potion, Pink Slime Block (causes player to bounce), Pink Torches, and Pink Gel Dye.

Trivia

 * Pink Gel was created by one of the forum members.