Scrape the ChapStick substance off the couch upholstery with the dull side of a table knife. Wipe the lip balm onto a paper towel, and discard it.
Cover the red ChapStick residue on your couch with baking soda to absorb the oil. Leave the baking soda on the upholstery for one hour.
Vacuum the baking soda off the couch. If any greasy or waxy residue remains, repeat Steps 2 and 3 to remove it.
Dampen a clean cloth with dry cleaning solvent, and dab at the upholstery with the dry cleaning solvent until it's moist. Blot the surface with a dry cloth. Repeat this step until the colored portion of the red stain is gone.
Press a dry cloth into the upholstery to remove any further moisture. Allow your couch to air-dry.