I don't know... I hate to be that guy, and who am I to argue with all you wizard chemists here. But for me, it didn't work.
I had this not-old-but-too-old cake of Pops. That age where it seems alright judging by the looks and feel, but somehow on the the bow it's not really working anymore. Playing-wise a night-and-day difference to the fresh stuff.
So I gave the 50/50 method a try: 50% rubbing alcohol and 50% water, just a tiny drop of the mixture, sealed container, few hours.
The surface of my cake initially got really soft (like leave-fingerprints-on-it soft), so I let it dry up a little. Now it's still super-soft, but essentially, it's old soft rosin, as opposed to old dry rosin before. It does make zerzo difference playing-wise to before the experiment, even though it's easily applied, and I'm tempted to say, you absolutely can't beat fresh rosin, and you can't revive it. Once it's lost, it's lost.
Now, I might very well have done it all wrong. Certainly, since it seems to work for all of you guys.
But I figure, the Rosin Saver (you know- that plastic container with the silicone and the dampener cushion) works, and it does so by exposing the rosin to a constant humidity (as in, WATER in the air around), to keep the rosin from drying out. I'm not a chemist, but to me it seems logical that if you saturate the air around the rosin with water, you keep the WATER from leaving the rosin, not necessarily or NOT ONLY the other fluids in it.
The alcoholic fumes, however, replace only that part of what's gone, and don't take the water with them, I could imagine. Result: perfectly soft, (or if overdone, running) old and mojo-less rosin. Please, someone with reputable chemistry knowledge, chime in.
Me, I'll buy a fresh cake as soon as possible, and keep it in my rather new Rosin Saver.
Best
Sidecar