The 'ooze' is actually called Oobleck, it is referred to as a non-Newtonian Fluid as it displays characteristic of both a solid and a liquid! As bizarre as it seems, we can find out why by observing the way the tiny solid particles of cornstarch interact in the water. By applying pressure or force to oobleck it's mysteriously transformed into a solid, malleable substance. When pressure is removed it changes back to liquid.