The cornflour and water mixture is a mixture of solid particles suspended in a liquid, called a "colloid". When you stir the mixture slowly, the custard powder particles can move around in the water quite freely, and so the mixture acts as a liquid. When you stir the mixture faster or hold it in your hand tightly, the solid particles rub against each other causing friction. This makes them stick together and the mixture will act like a solid. If you squeeze it really hard you will squeeze some of the water out and what remains will be more or less solid.
Playing with this with your hands is perfectly safe (although if you are using custard it can leave your hands a little yellow). If you are planning a larger scale experiment and walking on this, it can act like quick sand: make sure it is not too deep or you will become trapped, and never attempt to submerge your body in it. If you are planning to walk across it be warned it can be very slippery.
Source: NESTA
Date: 12 October 2007
Subject: Chemistry Physics
Suitability: Adults/Parents Anyone Over 11s Over 14s Over 16s Over 7s Professionals Teachers