Dispenser for thread treatment compound

A thread conditioner dispenser is provided as well as a method of conditioning thread. The dispenser has a storage and dispensing unit and a cap unit. The storage/dispensing unit has multiple resilient plinths and a generally planar base defining a cavity. Notches are defined between the plinths. Multiple linear channels are defined in the base. One channel connects each notch with a diametrically opposed notch. The plinths define a cylindrical sidewall. The cap has a cylindrical sidewall defining an outwardly flaring mouth to engage the plinths. One of the cap inner sidewall and the storage/dispensing sidewall has an annular recess. At least one lug is formed into the other sidewall for engagement with the annular recess. Thread may be passed through one of the notches and into one of the channels and withdrawn through the diametrically opposed notch while the cap sidewall is engaged with the storage and dispensing sidewall.