A high performance lubricant that includes a silicone wax that has been dissolved in solvent, emulsified or suspended in an inert carrier is described. In addition, a method is discussed of lubricating the solid surfaces of moving parts with a relatively water resistant, dry lubricant. The lubricant repels water and sheds dirt. Thus, this lubricant is particularly useful for lubricating high performance products that are used in a dirty environment.