Umbrella

The Umbrella is a held item that can be found in surface chests. When used, the umbrella appears above your character and allows the player to fall at a slower rate. It prevents fall damage, and replicates the effect of the Featherfall Potion.

Trivia

 * Is likely a reference to the Nintendo game "Kirby". In said game you can obtain an umbrella of the same design, with the same usage.
 * Could also be a reference to Mary Poppins, or the Playstation Platformer game "Tomba" where in both cases it is used the same way.
 * Is very useful when doing a quintuple jump, with all of the bottles.
 * Another possible reference could be to the Resident Evil games series and the Umbrella Corporation that has the same colors in it's logo.