The Bananarang is a ranged weapon that is useful for attacking multiple enemies at close quarters. It is dropped by Clowns during a Blood Moon. The Bananarang returns instantly once it hits an enemy, making it worthwhile in cramped areas or with multiple targets. The Bananarang can also stack up to 10, allowing the player to throw multiple Bananarangs at one time.
Bananarang - Terraria 1.2 Guide New Melee Weapon!
Trivia
This weapon is possibly a reference to Ape Escape or Donkey Kong.
