Ice Queen

The Ice Queen is the final boss during the Frost Moon. She is the equivalent to the Pumpking from the Pumpkin Moon, being the Frost Moon's most powerful monster, coming in at the last waves of the event, and being the only monster from the event with the ability to fly, aside from the Elf Copter. As of the 1.2.4 update she appears to be the third strongest enemy type in Terraria (the strongest being the Dungeon Guardian ant the second being Duke Fishron).

Her behavior is characterized by astonishingly fast movement and evasive maneuvers while making constant attacks against the player. There are two ways to counter this - either use wings and possibly movement enhancing accessories to chase her, or a Cross Necklace/Star Veil combined with healing (Spectre armor) to mitigate her damage. In both cases a powerful ranged/magic weapon with high fire velocity is recommended. If a bullet-firing weapon is used, it may be a good idea to equip the Rifle Scope (or, even better, the Sniper Scope) as she will be off-screen for a majority of the battle, and is sometimes difficult to keep track of during the fight.

Trivia

 * Whereas the final boss of the Frost Moon is the Ice Queen, the final boss of the Pumpkin Moon is the Pump king.
 * A possible Adventure Time reference, though unlikely considering the prevalence of ice and snow queens in popular culture. Some examples include the titular character of The Snow Queen (Hans Christian Andersen, 1845) and the White Witch from The Lion, the Witch, and the Wardrobe (C. S. Lewis, 1950), as well as being a common insulting term meaning a compassionless, callous, aloof woman (particularly one who responds to suitors' expressions of love with disdain).