Molasses is as common a baking ingredient for me as any other - it goes in lots of things, especially spice flavored ones.
DH and I were in Honolulu celebrating our anniversary during the molasses spill there a few years ago. It was a big, big deal. No people were hurt but it took out huge masses of sea life (deoxygenated the water apparently).
Honolulu molasses spill - Wikipedia
It's still available and I actually keep a box on hand most of the time. I've got a very quick cream-pie recipe (may even actually be the Dream Pie shown here - the printing is too small for me to read) that's always a sure hit and I make it if I need to roll something out on the fly.