Lava Waders are crafted 1 of 3 ways. Lava Waders can be crafted with Water Walking Boots, Molten Charm, and an Obsidian Rose. Lava Waders can also be crafted with Obsidian Water Walking Boots, Lava Charm, and an Obsidian Rose. The hardest way to craft it is with Obsidian Water Walking Boots, Magma Charm, and an Obsidian Rose.

For crafting the Lava Waders, the player needs 20 Obsidian, which occurs when water and lava collide. Putting it into a furnace gives the player an Obsidian Skull. Combine with a Lava Charm, which is found in Golden Chests or fished up in Obsidian Crates from lava, and the player gets a Molten Charm.