Hi there @Tree69420, welcome to the forums.I double tapped the Fairy Bell(because I was still not used to new interface) and it was consumed when I summoned the Pixie thing
Did not work on Optic Staff.
When I used the "use" button after crafting another it was not consumed
Glad to hear it didn’t actually disappear.Just checked, thats what happened
Seems like there's a ton of new stuff in 1.3