I've seen talk on a couple of knife forums where guys have done a sort of "home stabilising" job on wood by soaking it in superglue. The idea is that you soak, then dry, soak then dry. Keep doing this until the wood stops taking up the glue. It would be best to buy a fairly big bottle of superglue if you were to try this I guess, rather than those tiny little tubes it normally comes in. Lots of places sell it in larger bottles, such as Maplin Electronics. Proper name (I think) for superglue is Cyanoacetate, and it's worth knowing that it is an anaerobic adhesive, i.e it sets when the air is kept away from it rather than when the air gets to it (The opposite to paint, basically) If trying to stabilise wood slabs for knife handles it might be worth trying to wrap them in cling film between soakings to cure the glue, then simply sand the cling film off when you are ready to soak again.
If you try it, let us know how you get on?