Compass

Compasses were added in the 9th "Seecret"|1 Friday update on September 10th, 2010. They are created by using one Redstone and four Iron Ingots (see formation below). The compass needle points towards your spawn-point at all times, even in your inventory screen, chests, lying on the floor or holding it in your hand.

They can be made in this formation:



Media
Several guides can be found on the construction and use of these compasses. Here, here and here.