i suppose lipstick ( don't put paint on your mouth unless it's face paint ).
No. Lipstick is too greasy for that.
"Children's paint" isn't very descriptive. You'd need to specify an actual type of paint or, better yet, ask a worker at the place where you bought the paint if it works on wood.
You put it on your lips.
It depends. Most lip glosses use a different solvent than "lipstick" but if it uses the same one, the gloss will smear the lipstick.
You have too much lipstick on.I dropped my lipstick down the drain.The police are analysing the lipstick on the glass for DNA.
lets use lip-stick for an example. When applying the lipstick you don't put one whole lipstick tub on your lips. you use a fractional part of the lipstick tube and not a whole tube.
You can use any type of oil, for example, olive, almond, jojoba, for crayon lipstick.
While it's not a good idea to recycle lipstick itself (the actual cosmetic product), as it can expire, there are brands that make recyclable tubes (such as Cargo's PlantLove).
You can use a fabric paint, but NOT the paint you use to paint walls.