My sister gets the credit for bringing to my attention, this fun craft, for kids.....well let's face it, adults too! :)
It's called, FLUBBER! It's very easy to make and fun for hours!
What you need is:
1 c Elmer's glue
3/4 c cold water
1/2 c hot water
1 tsp Borax
In a bowl mix together glue, food coloring (in your color choice) and cold water. Set aside. In another bowl dissolve Borax in the hot water. Slowly pour the Borax water into the glue mixture and slowly mix together. The mixture will start to gel together. Once it starts to form drain off excess liquid, let the flubber sit for a few minutes, drain again, if necessary. Turn it out of the bowl and your ready to play. You can stretch it, pull it, use cookie cutters to make shapes. Keep in an airtight container so it won't dry out.
Flubber will not hold shape. No matter how you mold it, it will flatten back out.