greasepaint(n = noun.artifact) - a greasy substance used as makeup by actors;
is a kind of make-up, makeup, war paint

1.  a greasy substance containing pigments, used as makeup by actors, clowns, and other entertainers; as, the smell of the greasepaint, the roar of the crowd. [WordNet 1.5]

2.  Theatrical makeup, generally. [PJC]

greasepaint, n. a waxy composition used as make-up for actors.