... wool fat, or wool grease, a greasy yellow substance from wool-bearing animals, acts as a skin ointment, water-proofing wax, and ... raw material (such as in shoe polish). Lanolin is "wool fat" or grease, chemically ... , dry skin, itchy skin, rough feet, minor cuts, minor burns and skin abrasions. As an ointment basis, it readily absorbs through skin, facilitating ...