No.
It's about **$5 for a bottle of chain lube and $10 for [a tube of grease] **($5 for a bottle of chain lube and $10 for http://www.amazon.com/Phil-Wood-3-Ounce-Grease-Tube/dp/B000WYANAGa tube of grease). Those are top-of-the-line lubricants and will last you for months of frequent application.last you for months of frequent application. There is absolutely zero reason why you should jeopardize the lifespan of your bicycle by coating it with food.