I use the tool dip a lot for all of my cutting tools. The similar products are too thin to provide a thick enough coating to protect end mills, etc when hitting each other in drawers. You can peel the wax off and reuse it again. The integrated oil helps keep the tools from rusting, it probably isn't necessary since the wax seals it from air. I wish I had found this stuff earlier as well as knowing about the cheaper options for heating the wax.I prefer to use only in a lot of air flow. This stuff can smoke if the temp is set too high.The dip seal hearing pots are really expensive however fondue pots as well as adjustable temperature fryers are cheap and work great.