Angel Statue

The Angel Statue is a decorative furniture item, which can be placed. It is rarely found in Chests Underground, and can be sold to a Merchant for 60.

Before the 1.1 update, it was completely useless. It couldn't be held, equipped, worn, thrown, or wielded as a weapon. All it did was occupy an inventory slot (they also weren't stackable). With the introduction of several other statues with said update, this item finally got a use, although when talking to NPCs they occasionally refer to it as useless.

The Angel Statue has been speculated to be a replacement for developer testing items, to prevent the overpowered test items from being hacked in. It could also simply be an in-joke among the game's developers. Some also believe that it could be a reference to the Weeping Angels from Doctor Who, as the series is already been referenced with The Doctor's clothes.