Eel

"They only exist in the depths."

- Maxwell

Eels are a Meat food item similar to Fish and can be fished in wilds Ponds found in Ruins. Drying an Eel on a Drying Rack will produce Small Jerky. They can also be used to replace fish as a prerequisite in Crock Pot recipes.

The Pig King will also trade the player five gold for one Eel, unlike every other meat which only produces 1 gold. This can be used for obtaining a large amount of gold in a relatively short amount of time. Although, by the time the player receives a large amount of Eels, they would have almost no need for gold.

Cooked Eel
Cooked Eel is obtained from cooking an Eel with a Campfire, Fire Pit, or star summoned with a Star Caller's Staff. It can be used to cook Fishsticks and Fish Tacos or as a filler in a Crock Pot. Like other cooked foods, it cannot be dried on the Drying Rack.

Trivia

 * Eels were added to wilds ponds in the Moderately Friendly update, previously wilds ponds produced Fish.