Actor Charlie Sheen lost out on a lucrative deal with Chapstick bosses over a lip balm dispenser he invented - because he couldn't make the items for less than seven cents each.
The former Two and a Half Men star came up with the idea while struggling to apply balm while driving years ago and created a prototype with a clever pal - but he couldn't convince executives at the world's biggest lip-gloss company to buy into his idea.
Debuting the blueprints for the prototype on U.S. late night show Jimmy Kimmel Live on Thursday (19Jul12), Sheen said, "I just wanted to make something better than I used every day.
"I actually took this to Chapstick and they said, 'Look, if you can make this for seven cents, we'll buy them - but I couldn't get it down to below seven-and-a-quarter and so they passed."
But Sheen hasn't tossed the prototype he patented away: "I bring it out at parties."
