Naughty Present

The Naughty Present is used to summon the Frost Moon event. It can only be used at night, but cannot be used during a Blood Moon. Attempting to use it during the day will not begin the event, and the Naughty Present item will not be consumed from your inventory. The Frost Moon event will end at dawn if not completed by then.

Tips

 * The Frost Moon is a challenging endgame event with several of the most difficult enemies and bosses in the game. Your chances of completing it, or of killing enough enemies to collect rare drops, are better if you use the Naughty Present the moment night arrives, to give yourself maximum time before dawn arrives and the event cuts off.
 * It is also easier if you own a server and use the server commands to change the time before dawn.

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