it is Pam, and Pam works great as an anti-splatter spray
I just tried Pam a couple of days ago on my welding table. All those little itty bitty splatter balls just roll away. Clean up with a paper towel. I sprayed the inside of my MiG nozzle and had the same effect. Just remember to keep that can of Pam FAR AWAY from where you're welding. Boom!