You need:

- water
- clear school glue (or regular school glue)
- food coloring *
- glitter *
* optional, but added fun
Ok, I don't have exact measurements because I couldn't find exact measurements anywhere.
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Borax (sodium borate - Na2B4O7) |
Then pour probably half a regular sized bottle of glue into a bowl. Add water (not a ton) to that glue and stir it together.
Clear glue makes see-through-ish slime and the regular glue makes more of a pastel color.
Add the food coloring and/or glitter in this step, if you choose to do so.
And now for the FUN part!
Pour in the water/Borax mixture and begin stirring it together. It'll get really goopy and stringy (the polymers doing their thing) and then knead it together with your hands. (I suppose you could let the kids help)

Store it in an airtight container or you no longer have 'slime.'
Yes, it will wash out of clothes. BUT, I highly suggest playing with this in a room that doesn't have carpet!