I provided that remark just so I could repeat this awesome factoid: a stick of butter has more energy than a stick of dynamite.
With a little work you could turn the butter into a fuel-air bomb. A flour bomb would probably be even easier.
Remember all those news stories a few years back about Dell laptops bursting violently into flames?
However, the expected explosive force of home made liquid explosives is only on the scale of a stick of dynamite, it's certainly less obvious though.
Both explosions randomly placed are unlikely to down a plane, and are likely to be better used breaking into the cockpit than actually downing the plane.
I believe almost a 1/3 KWh high voltage power source could be of much more use than in its explosive force for an organised terrorist attack. However, most anti-terrorism procedures aren't designed to prevent organised terrorists, they're designed to prevent the many more morons with access to explosives.
On the other hand, if the TSA tests 0% of the liquids, the probability of eventual success jumps to 100%...
Edit: on the other hand, I'm not sure it's so infeasible... If 5% of passengers have liquids, and 5% of those get checked, that still seems like a smaller fraction of people than those that get extra security already. Simply having agents open the bottles and smell them (this actually happened to me in china!) would be somewhat effective...
2. Use ctrl+f