So you can give things new looks and sounds, play it with new words, or just go see what other people have made.
Terraria's Steam Workshop offers worlds, texture packs, music packs, and language packs.
Players have been modding the crafty sandbox explore-o-stabber for ages, and the Workshop doesn't support the most complex mods, but a Steam Workshop is certainly welcome for reduced faff. The terrific Terraria added Steam Workshop support in a patch yesterday, making it easier to install mods and share worlds with other players.