Light Disc

The Light Disc is a throwing weapon very much like the Thorn Chakram but stacks up to 5 times, meaning you can throw up to five at once. Its range is the longest of all the thrown weapons as of 1.1 update.

The Light Disc can increase it's range by wearing a full set of Hallowed Armor or any other armor that increases the characters 'Melee Speed'. Its maximum range with the Hallowed Armour equipped is a massive 50 or 51 blocks.

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Crafting
5 Souls of Light

5 Souls of Might

10 Cobalt Bars

10 Mythril Bars

Forged at Mythril Anvil

Stats
Damage : 35

19% Critical strike chance

Very fast attack speed

Very strong knockback

Can Stack up to 5.

Trivia

 * The light disc is most likely a reference to the movie "Tron" in which several of the characters do battle with "light disks" boomerang like discs of light, which are deadly to the touch.