Panic Necklace

The Panic Necklace is an accessory that can be equipped by a player. When equipped, the necklace grants the player the Panic! buff, inducing bonus ground movement speed for five seconds when harmed by any source of damage. It can be found by smashing Crimson Hearts in the Crimson Biome.

Trivia

 * Only subtly, the Panic Necklace resembles the Life Alert necklace that is used by the elderly when they are in a situation they cannot get out of themselves. The name mostly hints at it, rather than its effect due to the Life Alert necklace only notifies others of their situation.