I am a lip balm junkie. I think I inherited the addiction from my mother who can't live without her lip balms. I own at least 12 lip balms, but I can never find any when I need it. I recently read about Weleda Everon lip balm on MakeupAlley and bought a stick because it's relatively inexpensive. It's goes on smooth and soaks in, but not completely. Which, for lip balms, is a good thing because you need a barrier to protect lips from drying. My other favourites are Burt's Bees Beeswax Lip Balm (the mentholated version) and Malin + Goetz Lip Moisturizer, but this is by far my favourite.
It retails for about $12 at organic supermarkets.