Not a super serious element, but a fun one.

http://pastebin.com/kZpA4a6F

Magic (or MAGC) is a very light, very "fancy" liquid found under the liquids section and do the following:

Sparkle and glow mystically

Burn with CFLM

Be floaty and such

Going to submit this to the script server once I post this.

Until then, look at some pretty picture.