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Blobfish are gelatinous fish found within the deepest oceans. Although naturally grey and compressed, the Blobfish becomes a pink pile of sludge if under less than 10 blocks of water pressure.
When slain, four blobfish and a bottle can be used to craft fish oil, which when doused, can allow limited levitation in water or rain,but also causes you to be more combustable. They can also be bucketed like any other fish. Interacting with a blobfish with a slimeball can allow it to survive on land, usually for display purposes, since the creature is quite the curiosity.