Blue gel is coming from my 60W Maglite power adapter
So I've had my macbook for probably 3 to 4 years. This is my second power adapter I believe and about six months ago it got a small cut in it and a blue goo started coming from the cut... I thought maybe it's just something to help cool down the wires if they get hot so I put some electrical tape on it and continue on. Now, those six months later, I saw the goo squeezing out from behind the tape so I go to take it off and the outside layer of the cord that holds all the wires basically melted away and I'm left with what you see below
An inch long length of my cord has disintegrated, the blue goo is well... as you can see, everywhere, the wires are showing, and yet somehow, it's still working. Firstly, I'd love to know just what the heck that is. If this blue stuff is going to affect my health, or if it's toxic, then we're going to have some problems. Both my family and I have been exposed to this and frankly, it's a bit disconcerting to see something like this all throughout the wire and oozing onto our desks and beds.
Secondly, I need to know what I can even do about this. I've been looking into other power cords only to see they're $80 and have very bad reviews. I don't want to end up with another cut up blue goo-oozing cord in a year which I have to replace yet again for $80.
Lastly, I want to thank you for taking the time to respond. I'm upset to be honest, and very concerned, but I know you guys just come here to help so I wanted to say thanks in advance.
MacBook, OS X Mavericks (10.9.5), 60W Maglite Power Adapter