Items

NPC is Cool to have, Lol Stands for Laugh out Loud

Items can be obtained in many different ways, such as:
 * Killing Enemies (and certain town NPCs)
 * Mining various Blocks
 * Smashing Pots
 * Finding Chests
 * Buying from NPCs
 * Getting from other players in multiplayer
 * Smashing Crimson Hearts or Shadow Orbs
 * Breaking Enchanted Sword in stone
 * Smashing Plants
 * Catching Critters with a Bug net
 * Fishing in various biomes and liquids

Type
Indicates the category of item.

Possible values:
 * Tool
 * Weapon
 * Accessory
 * Crafting Material
 * Consumable
 * Armor

Placeable
A boolean (yes / no) value indicating whether a given item can be placed on the map by a player. Often visible in the tooltip of an item.

Max Stack
Indicates the maximum Stack size for the item.

This table indicates the maximum stack of a given item.

Despawning
Drops on the ground (i.e. not in your Inventory or a storage unit) upon logout of the save file will despawn (disappear). At that point, it is impossible to reacquire them. If there are more than 400 "loose" items on the world, items will also start despawning. In this instance, the items that have remained on the ground for the longest amount of time may vanish as new items are added to the screen.