Rocket Boots

Rocket boots are a rare drop item from any Goblin during a Goblin invasion. It is a very useful tool for getting around, when equipped it allows the player to fly. In previous versions(1.04 and below,) you needed to use mana to fly and thus fly for unlimited amounts of time using potions, or by using third party hacks.As of update 1.0.5 rocket boots no longer require mana. They will provide lift for 1 second and recharge every time the player touches the ground or uses grapple. Lift speed has been slightly increased to offset loss of long flights. This makes the boots more viable for casters. To fly you must "double-jump" and hold the jump button (If Cloud in a Bottle is equipped, you must use its effect first and hold the third jump).

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After the timer runs out (which you cannot see) the Rocket Boots will stop functioning and you will fall. A player with a Shiny Red Balloon equipped, the vertical height can be nearly doubled.

Another use would be that the light from the flame trails can also be used to spot ore through cave walls, though it wouldn't be recommended for mining without alternative forms of light, as you would have to keep moving and you cannot fly while in a 3 blocks tall area if you are currently standing in the area, unless you press the jump button extremely fast!

Easter Eggs Shadow Rocket Boots: If a player dons the Shadowscale armor set, the Rocket Boots will emit not flames,

but shadow particles. The effect of the boots remains the s﻿ame, however.