Arrows

Arrows are consumable items that are fired with the help of a bow. While they require resources to craft and use, the resources required to build the basic wooden and flaming arrows are more than abundant. Arrows are particularly powerful early game, where even a Copper Bow with simple wooden arrows will deal double the damage a sword can. Wooden arrows should be upgraded to flaming arrows, as it does not require a lot of resources, and it increases the arrow's re-usability.

Bows consume arrows from the inventory in order from top-left to bottom-right.

Arrow Types
Wooden arrows are the most basic arrows available, requiring merely one stone block and one wood plank to craft 3 arrows. Early game, they are somewhat powerful.

Flaming arrows are "lit" wooden arrows, created with Torches. For realism's sake, they do not require any tools, and can be crafted anywhere. The late-game bow Molten Fury lights all fired wooden arrows into flaming arrows.

Unholy arrows are very strong arrows that can pierce through enemies multiple times. Because of this, their effective damage throughput is much higher than a normal arrow, especially against a boss.

Jester's arrows can only be found in chests, and are consumed after use. Because of this, it is hard to stockpile them. They are most effective against swarms of monsters, or bosses like Eater of Worlds. Jester's arrows leave a spray of sparkles behind them, greatly lighting up the area.

Hellfire Arrows are found in chests and pots in The Underworld. They are consumed after use, and explode at impact with anything, making them non-retrievable. They are most powerful arrows available.

Re-use
It is possible to re-use many arrows, especially wooden and flaming arrows which have a high drop rate after being fired.

A wooden arrow has a 1/2 chance to break, regardless of what it hits (arrows break as much against Slimes as they do against Bricks).

Flaming arrows also have 1/2 chance to break, however, they will mostly come back as normal Wooden arrows (2/3 wooden, 1/3 flaming). Wooden arrows fired from the Molten Fury are considered to be flaming arrows for this purpose, and have a chance to be recoverable as flaming arrows.

Unholy Arrows also have a 1/2 chance to break.

Jester's Arrows and Hellfire Arrows are always consumed, and cannot be re-used.

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