Crazy that I've never heard of it or seen it mentioned here. There's a movie being banned that is based on the substance and is being linked to pedogate and more. It honestly seems like it deserves its own thread
No, it is not Ghostie. You are so FOS. There you go with the authoritarian comments again. While it was indeed in the movie, it is real Adrenochrome is a chemical compound with the molecular formula C₉H₉NO₃ produced by the oxidation of adrenaline. The derivative carbazochrome is a hemostatic medication.
If you want to read about it, here's another link: http://conspiracy.wikia.com/wiki/Adrenochrome.
In essence, it involves the elite drinking blood of sacrificed children at the height of their terror.