We are going back a few dozen years here, but, if I remember correctly, use the Fieblings full strength. Whatever you do not wish to be penetrated should be coated with vaseline or sinilar product(WD40). I'd use a cotton swab(Q-Tip) just to control application.
If you really want to have a good time, set a match to the Fieblings while it's still wet.
Should give you some interesting patterns and burn marks. I used to let it dry and then add a bit of Isopropyl (91%) put a match to it. The alcohol will burn fast but the wood burns slow.
You may end up with a perfectly camo bow.
(Warning) If you are young enough to sport a full head of hair and a full beard, don't try this at home.