The Essence of Easymode is crafted with 1 Suspicious Looking Eye, 1 Worm Food, 1 Hornet Food, 1 The Beak, and 1 Old Skull at a Mythril Anvil.
Note that the Slime Crown and Guide Voodoo Doll are not required
It is a requirement for crafting the Eye of Oblivion, used to summon the almost-final boss of Avalon. Note: This item is no longer used in the eye of oblivion recipe and when crafted, will but waste your materials.
Though you can "use" this item in an active slot, it does not do anything, and it does not diminish if stacked.