just thinking about this makes me itch. A lot of heat wrap for exhaust pipes is made of this stuff. Works pretty well though, just not a ton of fun to work with.
I had wrap from my exhaust system start to unravel at one point during a long journey far from home. I had to unwrap it by hand on the roadside sans-gloves to prevent it from ending up under a wheel and tearing components apart.
The end result was that I had to find a local retailer selling duct-tape; Not for the car, but so I could apply segments of it to my skin to pull those tiny irritating fragments free from my inner forearm. Yeah, that itch is evil!