After thinking alot about this, I conferred with friend of mine and we discussed the topic at length, and looked at several links - one mentioned in this thread he found exactly. I commented to him that there was insufficient evidence in that particular article... but being the skeptic that I am, we searched for more.
We should have thought to hit the James Randi site (duh!). After a few links, here's what we dug up:
http://www.randi.org/jr/02-02-2001.html
http://www.randi.org/jr/02-09-2001.html
Some neat experiments to try. I'll try them with my aunt. Basically you hold the candle in a jar of water and should get the same kinda wax. JR says the wax is from the bees-wax turning that color. Should be interesting.