Unlike most of the reviewers, i rather like the smell. It doesn't stink or anything - smells a bit like tea tree almost. I have an OCD with lip balms. My lips haven't been chapped since I was a little kid, but I feel that I'm going to die without something on my lips, even though they're already soft (because I use so much every day).
Anyway, this stuff keeps my lips soft for hours, and I can wear it under lip gloss without a line of nasty gunk accumulating toward the inside of my mouth. It's waxy in the fact that it doesn't glide super easily, but none of it comes off the stick itself. As always, the packaging is cute with the little bumblebees. Will repurchase.
EDIT: This is the WORST lip balm.. EVER. After using it for about 5 days, my lips got chapped for the first time in years! It's not cold outside people. I'm drinking water o.O I returned it and bought a Vitamin E lip balm from the Body Shop to repair my lips. Will NEVER repurchase. Geez, I already hated the Beeswax lip balm... Even cherry ChapStick does a better job than this POS
EDIT, AGAIN: I found out that this lip balm wasn't chapping my lips. I had tried on the Buxom Lips lip plumper from Bare Escentuals and it chapped my lips horribly. I only found this out recently because I tried it on again after I ceased to use the Burt's Bee's and my lips are, again, chapped. I'm changing back to four lippies and I will repurchase because it wasn't bad when I was using it. I did feel the need to reapply m ore than usual, though.