Or produce and ankle high purple fog bank if you sprinkle it down a hall while it is wet and someone walks on it after it dries? Yes.
Some things never change. I think half my freshman dorm was painted in that stuff the first year. The Chem-E's particularly liked putting it in keyholes.
Good thing we never thought of the chewing gum bit, though!
(Personally, I was low tech and was satisfied saran-wrapping toilet bowls.)