While I was dabbling in toothpaste making, I noticed that my lips were chapping and played with rubbing coconut oil on them to help moisten them up. It seemed to work, so later on that afternoon I started researching coconut oil lip balms. There are many versions out there, so I'm going to post the simplest I found.
Here's The How To:
Ingredients: 2 parts Organic, Virgin Coconut Oil; 1 part beeswax; a few drops of the Essential Oils of your choosing
Simply melt down your coconut oil and wax on the stove or in the microwave [20 seconds or so] add a few drops of your essential oil [I used vanilla lavender - what I've had on-hand] and stir. Once you've mixed it thoroughly, pout it into your vessel [don't you love my cute mini Bonne Maman jam jar?] let it rest at room temperature to harden up.