It comes in a little squeeze tube, just squeeze a bit on each threaded joint then screw together and give it half an hour. Nothing will ever leak again.
You can buy it from bearing shops and hydraulic shops etc.
There's lots of sealants you can buy anywhere, some MUCH better than others.
Generally the high end products cost more and are harder to find, but are always stocked by shops that supply the pro industry like bearing shops and hydraulic accessory shops.