Stack Duplication
There is another duplication glitch that requires two xbox live players on separate xbox consoles. Have the host place a chest and place the desired item (needs to be a stack of items greater than 5) and exit the chest. The visitor then enters the chest, then the host. Now both players simultaneously hold the right trigger on the stack of items. If done correctly, you will both end up with stacks of the item in your "hand", usually greater than the amount originally placed in the chest. It works better larger stacks.
More tricks, tips and cheats for this game are right here - Terraria cheats
Comments for this cheat