Lava Waders

The Lava Waders are an accessory that allow the player to walk on the surface of all liquids, including water, honey, and even lava, and shimmer, without taking lava damage or triggering the On Fire! debuff (unlike the Water Walking Boots and Obsidian Water Walking Boots, which only allow walking on water and honey).

Lava Waders also allow the player to submerge in lava safely for 7 seconds (press the key to submerge), without incurring lava damage or triggering the On Fire! debuff. The 7-second countdown is signified by a lava meter that displays over the player's head, similar to the Breath meter, but displaying flame icons instead of bubbles. Lava immunity time is recharged gradually by exiting lava, the same way breathing time is recharged by exiting water (albeit much more slowly).

All liquids, including lava, can be walked on indefinitely while the Lava Waders are equipped. The countdown only applies when submerged in lava, whereas the player can stand on its surface indefinitely.

Lava Waders additionally provide immunity to the Burning debuff incurred from contact with Meteorite, Hellstone or Hellstone Brick. It also reduces lava's base damage from 70 to 35.

Recipes
(NOTE: This isn't correct. The Obsidian Rose is still required to craft them on Desktop v1.4.4.5.)

Tips

 * Lava Waders are beneficial for mining Hellstone, and during the Wall of Flesh fight(s), if a walkway has not been built.
 * Equipping the Flipper in addition makes it possible to swim in lava, while being immune to its effects for 7 seconds.
 * Lava Waders let the player walk in thin layers of Lava, such as those used in traps and farms without destroying drops, without using up the 7 second lava immunity.
 * The Lava Charm, Molten Charm, Hellfire Treads , Terraspark Boots , and Demonic Hellcart stack with the Lava Waders to increase lava immunity by 7 seconds each to a maximum total of 42  / 14  seconds.
 * It is suggested to keep the Flame Waker Boots and Lava Waders as a separate items, as combining the two together prevents you from crafting Terraspark Boots, which are statistically more useful and you can wear Flame Waker Boots as a vanity accessory for the visual effect.
 * While trying to get Lava Waders on, it is better to not waste an Obsidian Skull when crafting prerequisite accessories, as the crafting recipe allows to combine the Molten Charm and Obsidian Water Walking Boots, both of which are crafted with an Obsidian Skull.

Trivia

 * The Lava Waders are one of the few pre-Hardmode accessories to have the rarity.