strange Suflex resistor

[telenorman]

Hi,  I'm changing some components on a Sound City 120 and have no idea what to replace this with. It's situated between the middle and bass pots and all I can make out is Suflex . Thanks for any help!

[thermion]

i think it's a cap, most likely polystyrene.

[fdesalvo]

Hmm Suflex (now) makes insulators and heat shrink products.

Edit - I also believe it's a cap.  

[FYL]

LCR Suflex Styroflex polystyrene capacitor.