Pour 2 cups of glue in a bowl. Add 1 & 1/2 up of warm water. Add food color at your preference.
In another bowl, mix 3 teapoons of borax with 1 & 1/3 cup of warm water.
Pour the water/borax mixture into the colored glue mixture. Now here comes the fun part. Put away the spoons, take off your rings, and dig in. You have to life up & turn the glue mixture over and over until you are left with about 1 tablespoon of water. The mixture will begin to gel together.
Once you think you have all the water out that will come out, pour the water off the mixture and allow the "flubber" to dry just a minute or two.
It stretches! It bounces! It rolls!
Store your Flubber in a zip lock bag tightly. It will seep out if it can!