Liquid Paraffin, Paraffin wax. Beeswax....
That's awfully close to petroleum jelly - mineral oil and wax - which some believe clogs pores and which reportedly can trap bacteria next to skin. Body Glide or Gold Bond Friction Defense may be better choices - no mineral oil. Body Glide lasts a lot longer than the Gold Bond stuff for me. I've been using Body Glide this year, and so far a multi-year saddle sore hasn't surfaced in over 300 miles, mostly in 15-25 mile chunks.
Depends on where the sore is, but it's best to avoid having seams rub on the sore. It your shorts or saddle rub you there, I recommend you make a change in the cuplrit.
Best of luck.