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Without knowing anyhting about this product - It sounds like something you wax on the car to make it glide through the air faster when you're on the track..
It's a wax or dirivitive there of. I was told to use it as a quick detailer. I was also told it will lower my e.t's to the low 12's, because the reduction in drag!!
JFELBAB had a problem with too much white residue left with race glaze. Perhaps I was just lucky, but I did not have that problem. In fact I really like how it goes on and buffs off.
here is a pic: