Yes, I remember it also being called bag balm (maybe a slang term?), long ago when I was a kid. I think I'm going to get a can or at least check out the ingredients. You would think it would be organic and non-toxic, probably not petroleum based as calves will ingest it. Something in the back of my mind recalls glycerin but it's so long ago. I was not a farm boy but I grew up with a bunch of farm boys in southern Indiana so I know a little about the industry. If I try it on old leather I will post the results. ChipS