What does the Faerie Lantern do in Peak? There are many items in Peak, including a few legendary finds that can really aid you and your pals on your journey to the top of each mountain. The Faerie Lantern is one of those useful items, and likely one of the best items in the game. Heres where to find it and what it does.If youve picked up the Faerie Lantern in Peak, you might be wondering how it differs from a normal lantern, and if, like us, you were afraid to turn it on in case something bad happened - maybe youve been burnt by Peaks Cursed Skull. Fortunately, its a highly valuable item and, like Peaks Bugle, can save you and your party. Continue reading Peak Faerie Lantern explainedMORE FROM PCGAMESN: Peak capybara location, How to revive in Peak, Peak bugle explained