All I can say is I once packed a bottom bracket with Crisco on a dare. Don't worry, it was the kind with no trans-fats. It did spin...but it started smelling funny rather quickly, I would not suggest doing at home, although if you happen to break down in the middle of a pie bake off and need something to repack your bearings (I can't imagine why), it will work.

The real lesson, stop listening to dares...