Don't know if anyone else would want to try this stuff, but I figured you can't go wrong for being free... It's water based, so it might not be all that great. I'll respond back once I get some of this stuff.

http://www.durathane.net/samplerequest.html

Thanks for the link.

I've tried several different brands of "water borne urethanes" on crankbaits. They are hard and durable when dry but WILL soak up water when submerged for a few minutes. When they do, water penetrates under the urethane and gets into the underlying acrylic latex color coats on the lure. Then the finish will delaminate. Wish they worked on crankbaits. But they don't. I'll stick with solvent based urethanes or epoxy.

Being one who loves to try new finishes, thinking that the ideal is the next trial, I have found, like BobP, that the water borne finishes are usless for hard baits. I have a cabinet full of finishes that I have tried and a lot of money invested if your interested. They are great for coffee tables and gym floors but I have not found any that are waterproof or that hold up fishing for more that a few minutes.