I learned this trick from some friends and perfected it myself. Please not that they are relatively unstable and should not be used for anything other than emergency or novelty purposes. I.E. I do not suggest using these to be part of some sort of dungeon themed room since they would probably light your house on fire.
**Be careful, I do not want some law suit because you are the kind of kid that burns yourself with matches and then you try to make a torch for the fun of it. Whatever you do is your responsibility and in no way is it my problem what happens if you use or misuse this technique**
Step 1: Materials
You will need:
100% Cotton Rope
something to melt the wax in
something to light the torch with
Note you MUST use 100% cotton rope otherwise you will have dripping molten plastic instead of a nice clean-burning torch. Paraffin or any other comparable wax will do. Also you should use a cheep butter knife so you don't kill your heat temper.