In the XBox 360 version of Spelunky what is the teleporter and how does it work?
The teleport is a little blue box with an antenna that you can buy from shops or sometimes dig out of the ground.
It's an item that you have to carry, it can't be thrown but it can be dropped.
Press X when carrying it to teleport 8 squares in the direction that you're facing. What happens depends on the destination:
Once used to it it can help you travel round levels very quickly, but it can also result in your death very quickly.