I think it's overpowered, and the general teleporting idea has been suggested already.
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NO. Don't click New Thread. Read the rules. I don't give a damn how long or boring they are. If you do not, you will be subject to massive flaming and criticism by yours truly.
Hypothetical: You read a thread in the Suggestions forum. You suddenly realize you've seen the idea before. Maybe it's a duplicate? No. Maybe it's just you? No. Maybe it's been done already? Very likely: Click here if there's a mod for that.
The mirror would have 3-5 uses.
It would require two mirrors.
The first is a large mirror, which would be placed in the area you wish to teleport to.
The second mirror would be handheld, and only has 3-5 uses.
If you were lost in a cave, or can't find your way home, you would use the handheld mirror.
It would teleport you back to the larger mirror.
The mirrors reflecting part would need to be new craftable block.
The frame would need to include obsidian, and redstone.
(a bonus would have 1 dimond at the top middle for the larger mirror)
come up w/ the way to polish it and your good
Its all gonna be okay