I was asking somebody on facebook about styling my mustache and he said he used Lanolin. That's all he uses to style his epic stach, no wax just lanolin and a blow dryer:

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In 1567, Hans Steininger, the burgomaster of Braunau (then Bavaria, now Austria), died when he broke his neck by tripping over his own beard. The beard, which was 4.5 feet (1.4 m) long at the time, was usually kept rolled up in a leather pouch. --source (Beard Responsibly, my friends)