Presents

Presents are grab bags that have a chance to be dropped by any enemy (excluding Statue spawned ones) during the Christmas holiday season ( December 15 – December 31 /  December 1 – January 15). They are opened by pressing the button on them in the player's inventory, similar to other grab bags. Presents can be opened anytime, even outside the Christmas season.

Presents always appear as blue in the player's inventory. Once placed, the present will appear as a random color.

On the, the old Blue,  Green, and  Yellow Presents still exist but they cannot be placed. Initially, Presents dropped from Present Mimics could be placed, although they disappeared after placement. They no longer drop, but have not yet been removed from. For more information, see Present (furniture).

versions
Presents always only drop one item, with the exception of the Red Ryder, which drops with Musket Balls, and the three vanity sets, which each include all three items of the set.

Tips

 * Presents can easily be farmed during events that spawn many enemies, like the Solar Eclipse.
 * Early on in the game, another easy way to farm for presents is to defeat the Eater of Worlds multiple times.

Trivia

 * After the 1.1.1 Christmas update, nearly any item could erroneously drop from presents. This glitch has since been fixed.
 * One of the variations of a placed Present has the same colors as the old Green Present item.