Rainbow Rod

The Rainbow Rod is a magic weapon with Flamelash-kind of attack, but missiles are rainbow colored. When you have a Sorcerer Emblem equipped the Rainbow Rod is more powerful than the Star Cannon, and is useful in boss fights. You can also use it as a light if you are exploring caves, by clicking where you want it to light up.

History

 * Early mentions:
 * Fleshing things out 18th October 2011
 * Terraria 1.1 Trailer 25th November 2011