A strong solvent, acetone dissolves animal and vegetable oils. Most widely known as nail-polish remover, it is also sold as a paint and varnish solvent. It does a great job on adhesive residue that has resisted removal by water, household cleaners, or alcohol. Acetone must be used only in well-ventilated areas and kept away from open flames, since it is highly flammable. Avoid using this solvent on acetate-containing fabrics, for acetone will dissolve them.
Reference:
Consumer Reports editors in How to Clean and Care for Practically Anything.