Wool

Wool is a decorational block added in Pre-Release. It is not very hard to find and is considered renewable as it can be obtained by shearing or killing sheep. The player can obtain colored wool by killing a dyed sheep (some sheep may also spawn in colors naturally) or by crarting Dyes with White Wool in a Crafting Table.

Obtaining
The main method of obtaining wool is by either by killing or Shearing Sheep. Wool can also be crafted out of 4 pieces of String, which can be obtained by killing Spiders and shearing Cobwebs.

Types
Some sheep have natural colors of Wool: brown, white, gray, light gray, black, and pink. Pink is very rare, however.
 * White Wool
 * Purple Wool
 * Black Wool
 * Red Wool
 * Orange Wool
 * Green Wool
 * Light Blue Wool
 * Blue Wool
 * Yellow Wool
 * Brown Wool
 * Pink Wool
 * Lime Wool
 * Cyan Wool
 * Magenta Wool
 * Gray Wool
 * Light Gray Wool

Uses
Wool is mainly used for decoration. This is because it can be dyed a wide variety of colors. Wool can also be used to make Beds. Wool can also be used to craft carpets.

Crafting

 * 4 Strings => 1 Wool
 * 3 Wools + 3 Wooden Planks => 1 Bed
 * 2 Wools => 3 Carpets
 * 1 Wool + 1 Any Dyes => 1 Colored Wool

Trivia

 * No matter what colour of wool the player uses, the blanket on a bed will always be red.
 * Wool can be burnt with Flint and Steel.
 * Before 0.7.5, Wool was not flammable. After the 0.7.5 update, this bug was fixed.