Basically, you're right. It's a concentrated bottle of peppermint essential oil, with a little bit of lavender EO and a carrier oil. It really does feel great to roll it on the nape of the neck, just below the hairline. Some put it on temples as well, but that's a bit too close to my eyes for my comfort. I'm not fond of lavender, so if I don't have to smell it, it's a good thing. ;)