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1/4 cup vegetable or nut oil
1/4 ounce beeswax
1 teaspoon honey or glycerin
1/2 to 1 teaspoon natural flavoring oil such as peppermint or lemon

Heat the oil and beeswax in a double boiler until the beeswax is melted. Remove from heat and whip with an electric beater until creamy. Add the honey or glycerine and flavoring oil; whip some more. This recipe stores well in small glass jars, but I think it's more fun to use old Altoids boxes! Experiment with flavoring oils. I found an orange flavoring that is both delicious and addictive.