I came across a T-Nation article with Dr. Eric Serrano claiming you could spot reduce fat with licorice cream. So, I did a quick Google search and found this:
Glycyrrhetinic acid, the active principle of licorice, can reduce the thickness of subcutaneous thigh fat through topical application. - PubMed - NCBI
Glycyrrhetinic acid, the active principle of licorice, can reduce the thickness of subcutaneous thigh fat through topical application. - PubMed - NCBI