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The liquid is a flourocarbon that is liquid at room temperature, and which dissolves oxygen rather well, as well as other gases. It was used as a blood replacement that would be a quick fix for blood loss that is totally inert, and needs no refrigerated storage or type matching, and that can be recovered via the uring in a few weeks as the body excretes it unchanged. It never proved popular, as it has a very high price, and only transported oxygen to the cells, but did very little else that blood does. AFAIK remember it was called Flourinert.