Grease Extracted From a Sheep’s Fleece
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Question is: Grease Extracted From a Sheep’s Fleece
and the answer is: LANOLIN
Word Meaning:
LANOLIN — A greasy yellow substance chemically akin to wax that is secreted from wooly animals, with a variety of uses from rust prevention, lubrication and waterproofing to cosmetics and skin ointments.
Definitions from Wiktionary.