Some glossy substance found in bee hives.
It can be used to create a Multi-purpose Tea Table along with hardwood planks. The recipe is provided by Paulie and is required to complete his character quest, which is unlocked upon becoming his associate.
Multi-purpose Tea Table
7 Hardwood Planks
3 Honeybee Wax
1 Poplar Wood
1 Honeybee Wax
Data taken from game assets, game version 1.0. Listed values are without The Giver skill, which gives an extra 1-2 points.
All other characters will default to Neutral (+1).