Join Date: Aug 2001
Location: upstate New York
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Oh, fer chrissakes, just replace the chain! The thing is 15 years old and had stiff links-it's junk!!!
When you go to your LBS, buy a chain (something decent, 8-speed is probably the best-more choices of good-quality chains than in a 3/32 size) and a chain tool. Then fit the chain, as per Sheldon Brown's suggestions. If the cogs are worn, too, you will find out as soon as you take it for a test ride.
P.S.-Wal-Mart doesn't sell chains. Neither does Target.
Je vais à vélo, donc je suis!