From Brotato Wiki
Item
Padding is an in-game item that can be bought from a Shop or can be found in a Crate. Most Items modify the Stats of the player, and some of them provide additional effects.
Padding
Paddings gives +3 to your Max HP and a further increasing depending on your current carried materials. You gain +1 Max HP per 100 materials you have. This is updated dynamically, meaning that your Max HP will increase during a wave as your pick up more materials. But this Max HP is also lost when you spend your materials in the Shop
The Temperary Materials based Max HP from Padding doesn't work with Chunky's Damage increase from max HP. However it does work with the Max HP scaling of Chopper, Potato Thrower, and Alien Eyes.
Padding can be powerful when combined with strategies of saving up large amounts of materials, such as with Piggy Bank or with the Character Saver.
You can have up to 3 Paddings, giving you up to 3 Max HP per 100 Materials you hold.