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This is an old recipe I've heard many times and i've never head any one say it dosn't work.
I think it's been taken from the anarchist cookbook....

SLOW BURNING FUSE(approx. 2 inches per minute)

Materials needed:

Cotton string or 3 shoelaces
Potassium Nitrate or Potassium Chlorate
Granulated sugar
Procedure:
- Wash the cotton string or showlaces in HOT soapy water, then rinse with fresh water

- Mix the following together in a glass bowl: 1 part potassium nitrate or potassium chlorate 1 part granulated sugar 2 parts hot water

- Soak strings or shoelaces in this solution

- Twist/braid 3 strands together and allow them to dry - Check the burn rate to see how long it actually takes!!