In a small microwavable container mix a small amount of Vaseline and coconut oil. Add a very small drop of essential oils. If you would like the lip balm to be colored, cut off a tiny piece of you favorite color of lipstick or add a small spoon full of cocoa powder.
Melt the ingredients at 30 second intervals, stirring each time.
When they are liquid and completely combined, pour them into a small container. Put the containers in the refrigerator to cool. Once cool, they can be used!
Because of the tendency of coconut oil to melt very easily, this should not be kept in a pocket unless the container's lid is spill proof.