Probably not but you might burn your tongue, and feel sick after eating it.
The melted wax from a lit candle is typically referred to as "candle drippings."
If you mean lit as in "He lit the candle", then the preset tense for lit is Light. "I am lighting the candle."
A paschal candle is lit
The candle traditionally lit on the second Sunday of Advent is the Bethlehem candle.
Both "The candle is lighted" and "The candle is lit" are correct ways to convey that the candle is currently giving off light. "Lit" is more commonly used in spoken English.
This is lit.
Paschal candle.
the paschal candle
warmer
Traditionally, the center candle is lit first, symbolizing the presence of the divine or unity. Then the other candles may be lit from the center candle, representing spreading light and connection.
The purple is lit second.
The pink candle is typically lit on the third week of Advent.