Quinch: Just a question, is there any way to move your respawn point? I like exploring {not much of a builder}, so being able to keep moving forward on a large world without having to retrack whenever I meet my unfortunate demise would be nice.
You can make beds. Every time you use one, you set a spawn point next to it. And if you remove the bed with latest spawn point it is reset to the same place you showed up in the world after creating it (on the surface in the middle of world). Beds, to be used, require to be placed in a room, but I can't remember its dimensions right now.
Edit: Link to a wiki page:
http://terraria.gamepedia.com/Bed