as far as toothpaste goes, yes. If your stuck in the middle of nowhere on a tropical island with the basic components of the PC and a tube of toothpaste, and had a choice of which toothpaste you would have, you would be best off choosing the blue kind. This actually has a double effect, since not only can you then install the CPU and have a mediocre (but usable) heat transfer, you don't get pestered by those wild bulls like you would with the red gel, or accidentally brush your teeth with seagull droppings because you couldn't tell them from your white mint toothpaste (at least not for a second...).
unfortunately, the main problem would be finding an AC power connector. Worst comes to worst, build a generator. Simple.