Phil Wood Waterproof Grease Phil Wood Waterproof Grease is used to pack all our Phil Spec?«÷d bearings for maximum durability. It is tested and has achieved the ?«£premium?«• lubricant classification by all major bearing manufacturers worldwide. Waterproof grease is available in a 3 oz. tube, a professional (screw-lid) mechanics jar of 22.5 oz., or in a 3 oz. cartridge for our Lil Phil Grease Gun.