Blood Rain Bow

The Blood Rain Bow is a pre-Hardmode bow which rains 1-3 streams of blood from the sky, rather than arrows. Each shot consumes one arrow from the player’s inventory. The streams fall in a widespread area where the cursor is pointed, but are blocked by solid blocks.

Trivia

 * The tooltip might be a reference to the album "Reign in Blood" by the thrash metal band.
 * The bow can be considered as a Pre-Hardmode counterpart to the Daedalus Stormbow due to their similar functions to shoot projectiles from the sky.