I put some of this in my spark plug holes today and made a big mess :-(. It was hard enough just to get it into the engine and I spilt a lot of it. I put some old socks in the holes and turnt the key. I saw a load of oil launch out from the bonnet, about 6 foot high and it was sprayed everywhere for about 10 foot. It was quite amusing at the time although I've spent hours trying to clear up the mess. After putting the plugs in, there was loads of white smoke, which smelt a bit.
I've only driven it long enough to clear the smoke (most of it anyway) but the pinking doesn't seem any better, a bit worse if anything. There was a lot of carbon on the spark plugs though, so I'll give them a clean soon. The plugs are only about 6 months old and they look worse than the ones that were in there when I got the car.