The latest 1.3.2 update for Terraria has just gone live and is all about parties.
The update allows players to start their own parties using Party Girl's Party Center and even NPCs in the town can start their own at certain times. Items like balloons, balloon animals, streamers, party hats and what is called a Pigronata that explodes with confetti when attacked.
Other changes have also been made to the game aside from festivities, including making rain clouds craftable and the sort feature now working on chests. A full list of changes is available on the official change log for the update.