"I melt 2 big chunks of parafin in a large heavy Ball jar resting in a pot of boiling water. It's nice to commit this jar to the task because the parafin is a pain to fully remove from anything you want to use for cooking. Once the parafin melts I eyeball in some heavy chainsaw oil and graphite powder, and mix it. Then I lower the chain into the wax with some pliers so that it folds up on itself. I let it sit in there for just a little while and then rotate it if it's not completely covered so that the whole thing gets a good coating. Then I just pull it out and let it dry on a baking pan or something. Once I'm done I turn off the water and let the super-lube harden in the jar for later use. The chain will get crispy and a lot of it will flake off when you start bending it. But, the graphite and chainsaw oil have all entered the nooks and crannies. I have only used it on a single speed and I rode all one snowy winter without a squeak. [...] It's called gulf wax"