Here is a page from my Field Notes with my sketch of how I thought it could be done.
After the boring was done I used my chisels to clean up the sides and to square the ends. which you can see in this photo.
In this photo you can see it finish and on display with the Lip balm in it. In case you're wondering, the flavors featured below are peppermint and Sweet Orange Vanilla. You can find this natural lip balm in many locations around Anchorage. You can also check out my handi-work in person, while you're perusing the lip balm!