Cookie

The cookie is an edible item introduced in the Beta 1.4 update. Notch had previously mentioned it in a tweet. It requires Cocoa Beans to craft. It was later confirmed that cocoa beans will appear in dungeon chests, but it is not yet known if that is the only way to acquire them.

A full stack of eight cookies restores a total of four health (the same amount of health as one Cooked Porkchop). They can only be stacked up to 8.

Advantages

 * Eating a cookie will fill half a heart. This is useful if you don't wan't to waste food with higher healing strength.
 * The ingredients needed to make cookies can be stacked. By carrying a workbench, 64 cocoa beans, and 128 wheat, you'll be able to craft 512 cookies. This translates to 256 hearts from four inventory spaces, which is superior to the 160 hearts possible from carrying a workbench and three stacks of wheat.

Disadvantages

 * Eating a full stack of cookies will heal as much as a cooked porkchop. Being said it is more efficient to carry cooked pork for exploring.
 * Cocoa Beans can only be found in dungeons at the current time, making cookies just as efficient as finding apples.