http://en.wikipedia.org/wiki/Polyvinyl_alcohol
"Polyvinyl alcohol is used as a emulsion polymerization aid, as
protective colloid, to make polyvinyl acetate dispersions"
Maybe you can reclaim it, but it all seems less than trivial and
probably not suitable for the average user. Report back what you find
but at the insane price for the source, issues with storage and
handling, I doubt it's the miracle your looking for.