The Time Warp Pearl and Wildcard can save you from falling into the void by teleporting you back to your base upon "death".
According to player-created guides , knowing how to handle specific drops is critical for survival: Skyblock Lucky Block
In many versions, such as the Hypixel Lucky Block Lab Mode , different colors indicate the likely outcome: The Time Warp Pearl and Wildcard can save
Higher chance of beneficial items like armor or high-tier weapons. Skyblock Lucky Block