Description (From Recipaedia)
A planks block with a wire running across a hole drilled through the middle. This block behaves exactly the same as planks, but can conduct electricity when both ends of the embedded wire are [a] connected to something. This block can be placed with ends pointing north/south, east/west or up/down. It is very useful when there is a need to run electricity through solid walls, or to insulate the wire from unwanted connections with other wires.
Crafting
Uses 6 Planks and 3 Electric Wires to craft. You get 3 Wire Through Planks.
Use
This block is used to transfer electric signals. By using this block, you can make your designs more compact. It will also help hide any wires from the user. When the block is placed, the wire opening will be facing the character.