Stir the water and glue together in a bowl and mix well.
Combine the molasses, cinnamon, ginger, and nutmeg in a large glass bowl.
Add the spices to the glue mixture and stir
Fold in roughly 1 cup of shaving cream.
Add Contact Solution or Saline a little at a time stirring quickly to combine until the polymer chains start to form and your slime is no longer sticky.
Knead for a few minutes with your hands to get the texture smooth and to be sure all ingredients are mixed well.
To make this extra fun to play with, serve this slime up in a baking pan, add gingerbread cookie cutters, googly eyes, buttons, pipe cleaners, and other items for creating your gingerbread men.