It's basically a tricked up water quench made up of a saturated water/salt mix with some industrial liquid soap (which is powerful stuff, so be careful) & dish soap added to act as surfactants.
I can't remember the exact proporitons, but it's something like 5lbs. rock salt dissolved in as much hot water as it will hold before settling out, 1 quart of Amway liquid industrial floor soap & 8-10 oz. of Dawn liquid dish detergent.
Warm it before using & keep your safety glasses on in case of a splash. The colder the quench medium, the more violent the quench.
This will shatter or crack most high carbon knife making steel as will most water quenches & should be used accordingly. Most often as a last resort if you can't get the steel to harden any other way.
Remember, it won't make low carbon steel into anything other than what it is, but it just might help you get a hard enough edge on whatever you're making to call it a knife!
My personal preference is to use steel in the 1080-1095 bracket & quench it according to established methods.
Good luck & be careful!!
Larry