Lucky Horseshoe

The Lucky Horseshoe is an accessory that negates fall damage. It can be found in Floating Island Chests. They can be very handy when exploring Chasms as the player won't need to worry about being damaged from the long falls. The Lucky Horseshoe is always useful for the less careful players that fall down pits.

Once the player has found a Grappling Hook and/or a Cloud in a Bottle, the Lucky Horseshoe loses some of its usefulness, and can potentially be swapped out, although having one equipped is always a good safeguard.