If someone ever asked me what would be my holy grail product of all time, it'd definitely my Smith's Rosebud Salve. This is one of the few products I've ever used that was a multitasker and actually GOOD at all of those tasks.
I discovered this about two or three years ago - how I discovered it seems to be slipping my mind right now (most likely somewhere here in the beauty community). But since then, I've turned pretty much all my friends/family onto this little gem. I primarily use it as a lip balm, but it also serves as a cuticle oil, ointment for rashes, cuts, and burns, dry skin, and pretty much anything else you could ever imagine.
I've purchased this from Sephora, but recently found out American Apparel also carries it, and is a few dollars cheaper. Plus, American Apparel usually knocks off a few dollars whenever you purchase three at a time. And I usually purchase three at a time - I know I will always love this and need it in my life.