Honey Balloon

The Honey Balloon is an accessory that combines the functions of a Shiny Red Balloon and a Honey Comb.

This accessory increases your jump height and, upon taking damage, releases a small swarm of angry bees which will deal small amounts of damage to enemies.

Trivia

 * This is the only combination using the Honey Comb that uses an accessory that is not triggered by damage (Shiny Red Balloon).
 * Despite being introduced (existing in the game files), this item could not be crafted prior to version 1.2.2. It did not show up as a craftable item when presenting either of the two (assumed) materials to the Guide either.
 * This item may be a reference to children book character "Winnie the Pooh" where in one story he used a balloon to get to the honey inside a cave high up in a tree.