The sale of powdered alcohol, or Palcohol, has been federally approved.

The freeze-dried, powdered alcohol product called Palcohol has been approved for legal sale by the Alcohol and Tobacco Trade and Tax Bureau. When mixed with water, Palcohol powder makes an alcoholic beverage.

There is, of course, loads of controversy surrounding this product and it's potential for abuse. It also has the potential to save people a crap-load of cash! 

The last time I bought a beer at a show it cost me $10. Ridiculous! It wasn't even a good beer, either. So, I guess I'll keep an open mind about this Palcohol and give it a try.

(Even though the thought of it kinda grosses me out. Like powdered milk. Yuck.)

C. Maher, Getty Images