Dave, please DON'T spray pelucid in your basement!
VERY VERY BAD idea. don't even think about it. Don't even brush it on inside. Even outside you still need a good charcoal filter respirator to even brush it on outside. It's not like laquer, although they both are flammable. Very dangerous stuff. Use it outside only or have a powerful enough explosion proof fan to get rid of fumes and put out all pilot lights and have some way for fresh air to enter to replace the exhausted air. Please don't spray that stuff. yer scaring me like bassmaster does.