If you're using it as a self-tanner, the iodine is the main ingredient you have to worry about. It stains skin orange. Very orange. And for a long time. How is this a problem, you ask? What if there are inconsistencies in your application? What if you add too much iodine? Then you could be blotchy and dark orange.
Here's a picture of an iodine stain on skin, just so you know what you're getting into:
As for the baby oil, it's basically like coating yourself in butter or Pam and frying your skin. It will amplify the effects of the sun's rays. Not such a bad thing, right? You DO want to get darker...
However, do you really want to get skin cancer? The oil won't just amplify your tan, it will also increase the damage done to your skin. So 10, 20 or 30 years from now, you could suffer melanoma for the sake of a "healthy" glow as a teen. Not worth it.
Attention: NOTHING on this site may be reproduced in any fashion whatsoever without explicit consent (in writing) of the owner of said material, unless otherwise stated on the page where the content originated. Search engines are free to index and cache our content. Users who post their account names or personal information in their questions have no expectation of privacy beyond that point for anything they disclose. Questions are otherwise considered anonymous to the general public.