Gluetastic or flop? (mod Podge)

Ok so I started this morning with making my homemade Mod Podge (see previous post for link)
items needed :
1.) small sauce pan
2.) whisk
3.) sugar
4.) vinegar
5.) water
6.) Flour

It's a 3-1 Ratio so I added my sugar and my flour to the pan then the teaspoon of vinegar...I added about a quarter cup of water and on low heat I slowly added a tbl spoon at a time while whisking until I got a paste like consistency, after that I poured it into a jar and put in the fridge to let cool.