Zelda 64 Cheats

Use c-button items on Epona.
Thanks to: Justin Cowart
First you must have Epona for this cheat. Go fight Ganon until the piont where he knocks the Master Sword out of Links hands. Save and reset the game. When you get on Epona you can use c-button items while riding her. If you use a deku nut Link will fall of and Epona will keep on riding. Also, if you have a rumble pack it will keep jolting as if you're really riding Epona. After Link falls off her if you press A Link will appear above Epona and start riding her. If you pull out the ocarina while riding epona and play Saria's song Link will hover above Epona where ever she goes. One last thing. Use the deku nut while riding Epona and then when you fall off pull out a weapon that you aim with like the bow and arrow and then use the deku nut again and you will have a first person view while walking around.

Bring fishing pole outside of fishing pond
Thanks to: Justin Cowart and Ben
Go to the fishing pond as an adult. Equip the hover boots, walk over the water and while you are floating quickly cast the line. When you go to the door it might be hard to see with the weird view but when you get there just press A and walk out the door. When you get out side it will appear link is holding an invisible fishing pole. Do not cast or the game will freeze and you will have to reset.

Free Hylian Shield
You must NOT have the Hylian Shield already for this trick to work. Go to Kakiriko Graveyard at nightime as a kid and pull back the grave with flowers in the first row of graves. Jump in the pit and open the chest inside.

NOTE: If you already have the Hylian Shield, the chest will contain a blue rupee.

Free Lon Lon Milk
If you have an empty bottle, stand in front of any cow and play "Epona's Song". The cow will feel energetic and fill your bottle up with Lon Lon Milk for free!

Bunch of Red Fairies
In Lake Hylia go to where the owl is sitting between the two bridges. Talk to him. After you talk to him run away so he doesn't take you to the castle. Go back to where he was. Then go behind the piece of stone and pull it. Go in the hole and there will be about 20 red fairies!

Secret Pictures in Zelda's Courtyard
Go to the courtyard where you first meet Zelda . Look in the windows, and in one of them you will see some pictures of some familiar video game characters!

Secret of Butterflies
Ever wonder what secret the harmless little butterflies are hiding that flutter about Hyrule? As young Link, take out a stick and find some butterflies. Slowly follow them until one touches the stick -- which, tadaaaa: turns it into a red fairy. Use a bottle to catch it or touch it to be healed instantly.

Unbreakable Deku Sticks
To get an unbreakable Deku Stick you must do the following:

1. Get a lot of Deku Sticks.
2. Equip a Deku Stick.
3. Do the Jumping Slash Attack on an object and either hit the tip or middle of the stick.

The stick will break in half and you will keep one half which is invincible and is twice is strong than Link's normal sword.

Cure a Wounded Sign
If you slash a sign to smithereens, you can put it back together by playing Zelda's lullaby on your ocarina. The sign will magically recreate itself in front of your eyes.