Never heard of it.
I use something different: Stork oil.
This is a special oil extracted from storks. You need about 100 storks to get 100cc of oil but it's a great product.
I use it to oil my complete rig. Seat, shocks, spark plug caps (to keep the moisture out), wheel bearings, the lot.
Don't use it as engine oil though as it has quite a low boiling point.