"I also have some pink stuff that my dad had"
Man, that brings back a memory. In the early/mid 60s flat-top haircuts were a thing, and when I was 10 or so I had one. You would use this pink stuff called Butch Wax to I guess make your hair stand up. At some point after I got my first telescope, a Sears 60mm, my dad made what he called an equatorial mount for it - I don't know why he did this, or whether it worked. But he used an old jar of Butch Wax to grease to moving parts. Maybe that's what your dad had!
Harry