My husband and I buy Vitamin E gel capsules from the grocery store and break them open to put on really dry lips. It feels soooo much better. I've also used them if I get a really dry patch of skin in the winter time. Pretty cheap and very effective.
I use Blistex in the tube for chapped lips. I used to get cracks in the corner of my lips in winter and upping my vitamin Bs helped with that a lot.
I found a nice chapstick from Whole Paycheck; it's their house brand, cost me only $2, I think. Peppermint. I dig it.
I love that stuff. Did you read the ingredients list? It sounds like it would actually taste good, and be more nutritious than your average mcdonalds meal LOL.
I swear by medicated Blistex, especially because I am prone to cold sores during the colder months if I don't wear chapstick of SOME kind.