Fill a measuring cup with 1 cup of water. Add 1 tbsp. borax and stir until combined. Borax can be found in your grocery store cleaning-products aisle; it is a powder and comes in a box.
Fill a separate measuring cup with ½ cup water and ½ cup white craft glue. Mix until thoroughly combined. If colored slime is desired, add a few drops of food coloring to this glue mixture.
Pour glue solution and borax solution into a quart-size zip-and-seal bag. Seal the bag and knead until you have achieved a slime-like consistency. This recipe will yield approximately 2 cups of slime.
Play with your creation or use it as a demonstration for a science lesson on polymers.
Store the slime in a sealed plastic bag. It can keep almost indefinitely, but you will most likely want to discard it after several uses because it will accumulate contaminants such as hair and debris.