The best thing you can do is wash off the mud after each hunt and hang them. If you keep them clean, take the mud off of them, and hang them up using boot hangers (store inside in summer), you will be fine. I currently have two pair of waders, one of which is over 10 years old (Cabelas brand) and they are holding up just fine. I bought some new LaCrosse waders last summer will do the same with them. I've been storing waders this way for 20+ years. Eventually they all will need to be replaced because they will breakdown or tear, but you should be ok for a long while by just keeping them clean after hunts.
Personally I wouldn't put anything on them, especially armorall. From my personal experience, armorall contributed to cracked dashes in two of my old vehicles. From what I've read as well as trusted people I have talked to, the stuff is garbage and helped shorten the life of my dashes (one was a 5 year old Tahoe). If you ever get your car detailed at a nice detail shop, you will notice they do not put anything on your dash...they just clean it. There's a good reason for that.
Edited by Guitars&Guns (01/20/15 09:01 AM)