You can smoke it, but it tastes like shit (think burning plastic!) and is probably pretty damn bad for your lungs. You can feel it though, just not worth it imo ...
I roll up weed with a little bit of Dried K in a blunt wrap and it works pretty good. This produces a nice 'dust like' high. You cant get in a K Hole this way but it feels nice.
This does taste like complete shit though.
For a real nice buzz throw a small amount of cooked up coke in the blunt with it- sweeeeeet!!!