Your right there Berry it works for me. I don't use it as a coating on wood or spray it around the shop because it only goes on my saw tables also blades and as the instruction below says it dries fast, WD40 is not just a penetrating oil any more there are lots of different products now, check out the site it might surprise you, here's a picture of the one I use.
Waterproof and fast drying for high pressure performance. Eliminates sticking & binding and prevents rust & corrosion. Operating temp -35°C to +200°C. For use on metal. Includes smart straw feature. Enjoy you waxing guys. Roly