Bundle of Balloons

The Bundle of Balloons is an accessory that allows the wearer to perform a quadruple jump and increases their jump height. Each of the jumps has an effect from the different combined items: sandstorm jump, then blizzard jump, then cloud jump.

Crafting this item requires three of the variants of Cloud in a Balloon, which in turn requires a total of 3 Shiny Red Balloons. In particular it requires the especially rare Sandstorm in a Bottle, which can only be found in a Pyramid.

Tips

 * The Bundle of Balloons does not provide immunity to fall damage, despite the extreme jump heights it allows players to achieve. Without additional fall protection, players can incur severe fall damage after multiple jumps. In combination with the Rocket Boots or similar, it is easy to achieve a height at which over 400 damage will be taken upon landing, killing most characters instantly.
 * This item can be a viable alternative to Wings until Post-Golem, when enemies become significantly harder to reach or avoid.
 * This can be made even more effective with Hermes Boots (or its upgrades) and/or Amphibian Boots. The former gives an extra flight bonus, and the latter grants faster and higher jumps, while both grant super speed while running.
 * The extra jumps from the Bundle of Balloons allow for much faster turning and higher vertical acceleration than most early wings at the start of each jump. This can be used to quickly reach top speed or dodge faster ranged attacks.
 * The key item for crafting this is the ultra-rare Sandstorm in a Bottle, which is only available from a Pyramid, and Pyramids don't even generate in most worlds.  The other two bottles are far more common; the Cloud bottle appears frequently in underground chests, and  both the Blizzard bottles and the three Shiny Red Balloons needed, can be obtained by fishing for Biome Crates if necessary.
 * The Sandstorm in a Bottle is even rarer in 1.4, for the spawn chance of Pyramids were nerfed and Desert Oasis can override Pyramid locations entirely.
 * When using a non-flying mount, like a Unicorn, the extra jumps can be more useful than wings.
 * The Frog Leg boosts the effectiveness of the Bundle of Balloons by providing a significant increase to jump height.

Trivia

 * Even though the sprite of the Bundle of Balloons depicts a green balloon, assumed to be the Fart in a Balloon, it is not actually used to craft the Bundle of Balloons, nor does it appear within the Bundle of Balloons sequence.

History
Lot de ballons 풍선 다발 气球束