King Slime

The King Slime is the new Mini-Boss in version 1.0.4 The King Slime is a randomly appearing mini boss that can be found in caves and on the surface. It has 2000 HP when spawned. When you have done enough damage to it small slimes break off mainly, Blue Slimes and the King Slime gets progressively smaller. It drops a random piece of the Ninja set upon death. The chance of a King Slime appearing in the place of any other slime is 1:300. Holding a Water Candle improves the spawn chance of King Slime. The King Slime is hurt by lava making the use of lava effective. Dynamite works best against the King Slime. He does 40 damage if the player isn't wearing any armor.

A good way to quickly get a King Slime to spawn is to make a brand new map, get to one of the end sides (You must be about 1/3 away from your respawn point) and stop in the last place with grass dirt blocks before the sand. Hold a Water Candle and good luck! Remember that doing this doesn't give you 100% chance of a King Slime spawn, but a minor percentage (Like 0.47%). If you wait long enough you may have more than 1 King Slime at a Time as demonstrated here.

Trivia & Glitches
In Ninja Gaiden, one of the first bosses is a giant slimy monster that devours you. If you look closely in the center of the King Slime you'll see there is a ninja trapped in there. Armor that resembles Ryu's is the one that King Slime drops, so it might be a reference to that boss. While the King Slime jumps it seems like the ninja moves along with the slime.

The King Slime spawns Blue slimes upon being hit and losing health.

There seems to be a glitch on some Multiplayer Servers where the screen will say "King Slime Has Awoken" and he will be nowhere to be found.

It is possible to Glitch spawn the King slime by speeding up time using the Speed Glitch. The Speed Glitch will allow you to speed up time while the Terraria window is minimized. Terraria will still be running while minimized and by listening to the music, you can determine when a King Slime has spawned. This is a very fast method to get the ninja set. An example is shown in the video

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