Basic Lip Balm Formula
From Better Basics for the Home by Annie Berthold-Bond (Three Rivers Press, 1999).

It only takes 25 minutes to do. Add a natural flavoring oil (for example: peppermint, orange, cherry, or lemon) to make it more appealing.

2 ounces oil
¼ ounce beeswax
1 teaspoon honey or glycerin

In a double boiler, cook oil and beeswax over medium heat until wax has melted. Remove from heat and stir in honey. Blend with a handheld mixer until creamy. Add flavoring oil to taste, stirring to combine.