Now, don't go believing all the myths. WD-40 will NOT cure arthritis. WD-40 does not contain fish oil (don't believe the lie that you can catch fish with it). It does it contain silicone, kerosene, water, wax, graphite, chlorofluorocarbons (CFCs). In fact, it's a totally safe product with more than 2,000 uses.
WD (Water Displacement) 40 (40th formula) was developed in 1953 by the Rocket Chemical Company and founder Norm Larsen, as a degreaser in the aerospace industry. You can read the full history here.
And if you want to know the tried and true uses for WD-40, check out their site here.
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