Here are the directions (via Martha Stewart, she has a great video showing the process)
Tools and Materials
2 mixing bowls
Warm water
Elmer's glue
1/4 teaspoon unsweetened Kool-Aid or 4 to 8 drops liquid food coloring
Craft stick
Borax
2 mixing bowls
Warm water
Elmer's glue
1/4 teaspoon unsweetened Kool-Aid or 4 to 8 drops liquid food coloring
Craft stick
Borax
Slime How-To
1. Mix together 1/3 cup warm water, 1/2 cup Elmer's glue, and Kool-Aid or food coloring. Stir thoroughly with craft stick; set aside.
1. Mix together 1/3 cup warm water, 1/2 cup Elmer's glue, and Kool-Aid or food coloring. Stir thoroughly with craft stick; set aside.
2.
Mix together 3/4 cup warm water and 2 teaspoons Borax. Stir thoroughly
with craft stick; pour into mixture one, stirring continuously.
3. Remove glob from bowl and work in your hands for 2 to 3 minutes. Store in resealable plastic bag or air-tight container.Tip: If
mixture starts to dry out, pour a small amount of water over it and
knead for 2 to 3 minutes before returning to a tightly sealed container.
http://amy-newnostalgia.blogspot.com/2010/04/homemade-slime.html
