I like to take 3 of the large strike anywhere matches, wrap them is a strip of newspaper, and then throw a clove hitch around the package with jute twine with about 1 inch sticking up (almost like a wick).
Then I dip the whole thing in melted parafin a few times, letting it dry after each dip.
You can light the bundle several ways. Rub off the wax and light a match ad it will start the whole thing. If you have a rough enough surface, you can light the matches as you normally would. The jute "wick" can be roughed up and lit with a firesteel.
After making them I have submerged a few for up 15 min at a time. Dried them off and they light just fine. Whole package should be about the size of a cigarette.
I like pits idea, but I don't have a ready suppy of fatwood. Matchs, jute, newspaper and wax I have lots of.
Mike