For me it works as the same as Lucas pawpaw ointment and Vaseline petroleum jelly, but higher price.
What i like about it is it contain jojoba oil, which is supposed to be close to your natural oil so that it reduces the produce of oil, doesnt clock pores (which may happens if you use the heavy petroleum).
For now i use it as a lip balm only, its melt quite easy after some glides from your finger.
Although i think the tin is a bit un-hygienic, it always feel cool when pulling out a cute Lush tint from the bag, instead of the plastic Vaseline tint.
I'm leery of Lush. The brand markets itself as 'natural', but most of their products are loaded with surfactants such as SLES and other not-so-hippie ingredients.
Nevertheless, they do sell the odd product so simple that it doesn't require any nasties. Their 'Ultrabalm' is one. Mild, natural, non-irritating and a great barrier - and it doesn't have that super-strong 'Lush-store' smell.
I bought the Ultrabalm in the hopes it would help my psoriasis (a rather unpleasant skin condition which causes dry, scaly plaques.) It didn't actually make it go away - nothing really does - but I think it helped prevent the condition worsening by its hardcore moisturisation. I applied it just after I got out of the shower on my elbows, calves and throat. It didn't feel sticky and it kept my skin feeling moisturised all day.
The stuff's pretty thick - good for hands, feet and (in a pinch) lips, though you wouldn't want to tote the whole tin around in a handbag!
I didn't end up buying the product again, simply because it was fairly expensive and I'm always moving on to new products to see whether anything will miraculously cure my psoriasis (short answer, no, but one lives in hope); but I can see myself buying it again in the future. Good stuff.