Phytosteryl/Octyldodecyl Lauroyl Glutamate
An amino-acid (glutamic acid) derived molecule that is claimed to form lamellar liquid crystals similar to the ones formed in the skin between skin cells (called lipid bilayer). The lipid bilayer is like the "mortar" between our skin cells ("the bricks") and is super important for a healthy skin barrier and keeping water in the upper layers of the skin.
So Phytosteryl/Octyldodecyl Lauroyl Glutamate is a skin-lipid-like material that makes your skin nice and smooth (emollient) and keeps your skin hydrated. According to the manufacturer's tests, it is more effective than petrolatum in promoting the recovery of damaged skin and improving rough skin conditions.