Lubricants play an integral role in the operation of several technologies and in biology, ranging from moving parts in machinery to the biolubrication of articular joints. We have found that a colloidal dispersion consisting of easily synthesized highly spherical and uniform carbon particles coupled with a surfactant coating results in an effective water-based lubricant with low friction coefficients and excellent surface wear protection. We propose that these particles use a rolling mechanism similar to nano- or microscale ball bearings under confinement. The effect of several system parameters of lubrication including particle size, surfactant coating, and surface chemistry will be presented.