I know the title is a little bit provocative, but stay with me here.
I found the fantastic Instructable on "Magnetic Sillty Putty" And just had to give it a try, It took me a bit of work to find the right mix, due to the dollar store sized lumps of "color putty " being different sized. but eventually i was able to make a product just like the other Instructable noted. and it was fantastic.
Although it was a bit stiff/slow. I kept wondering if it was possible to thin the putty down somehow.
Indeed you can, and this Instructable will say how, and show a little bit of how it differs.
Skip to step3 if you already have magnetic silly putty, or already have seen the fine Instructible listed above!
Mostly the same as other Instructable.
*The one I used has the following ingredients.
Cyclopentasiloxane, Dimethicone, Tocopheryl Acetate(Vitamin E), Aloe. (Not sure if they are all needed, i suspect the desired effect is in one of the first two)