Into the small jar measure the coconut oil and beeswax.
Set the jar in the saucepan and fill with the saucepan with water, about halfway up the jar.
On the stove, bring the water in the saucepan to a simmer.
Allow to simmer on medium-low heat for about 15 minutes, or until the coconut oil and beeswax in the jar have completely melted.
Turn off the heat and carefully remove the saucepan from the burner. Allow to sit for a few minutes so the water can cool down.
Wearing an oven mitt or using a canning jar grip, very carefully remove the jar from the saucepan and set on the counter.
Allow to sit at room temperature until completely solid, at least one hour but maybe longer, depending on the temperature in your kitchen.
To use, wipe onto wooden kitchen utensils, allow to sit overnight, and wipe any excess off in the morning. Use as needed and store covered in a cool place.