And in case of nuclear fallout, give your children iodine immediately to prevent their bodies from absorbing the similar-in-molecular-structure strontium. (According to my high school Chemistry teacher, who taught me during the Cold War ... before Reagan ...)
Ah yes - the good old days - when teachers taught us important stuff.
I believe you mean potasium iodide in case of fallout:
http://www.nitro-pak.com/index.php?cPath=37&osCsid=206bf4177dbc010b137a1e16677af197
Not quite. You administer non-radioactive iodine to push out the radioactive iodine-131, and keep it from being absorbed into the thyroid gland, where it tends to cause cancer. (The excess iodine is just eliminated by the kidneys instead.)
I recall reading about the disaster plan for a nuke plant here; they keep a stock of iodine tablets to distribute to the local population.