Mom said that when she was young they made their own soap using this ingredient/method. (she's 85)
Many alkalis -- and sodium hydroxide is one of the classics -- feel slippery to the touch. Thus the slick, "woops" feeling that soap has.
In the old days, the lye came from the ashes, and it was mixed with tallow -- beef or pig fat -- to make the soap. Today's soaps are similar, even if the process is somewhat more refined.
Ain't chemistry grand?