Here's my new favorite stuff:
And here's what it does. This is an older, Argentine-made Collegiate that hasn't seen much in the way of TLC:
The leather's dry and the flaps have seen a lot of rubbing and abuse:
Now here's the same saddle (note that all photos were taken using the same lighting and exposure settings on my camera, and all the same adjustments in PhotoShop) after a single light application of the Black Country Balsam and a quick buff with a soft cloth:
Close-up of the flap:
Added bonus: it wasn't so oily that I had to wash my hands after using it, and it has a light, pleasant lemon scent. And if it can do that in less than 5 minutes to badly-damaged, inexpensive leather ... 'nuff said!