Sounds a little more like Hydrogen Peroxide to me. Chemical symbol H2O2, as distinct from regular water which is H2O. So, if you take regular water, add extra oxygen, you get hydrogen peroxide or oxygenated water. QED.
Bingo! 
That's exactly the stuff and it stung like billy oh (not billy elliot in case anyone was going to make that pun in retort) and it used to be a favourite of Barman's Mum, coupled with a needle and long piece of thread!!!
All three used together equalled blister popping or thorn excavation torture
My Mum once re-set my arm herself
when I came in crying one day from our back garden having broken both my tibia and fibula (I think that's what dem bones is called) through jumping off our swing when it was at it's topmost point, landing perfectly but then falling over and landing on my left arm. Ohhhhhhhhhhhhhh it was really mangled up and the two bones were snapped right through and almost poking out of the skin (but I don't remember it hurting ) and she (Mum that is) just yanked the arm out straight and gave it a hefty thwack underneath and bingo all done. Well not quite really, still had to go to the hospital to get arm put in plaster (which in those days was the really old messy type where they had a soak loads of bandages and drape them on in 12 million layers) but she saved me from having to have what could have been a very nasty operation........... Bless
Guess it helped that she was a trained nurse and didn't faint at almost sticky out bones and such
