Perhaps he's shaving his legs.
I use the yellow polyurethane foam, the stuff they use in loft conversions. Do take note however, that they tend to also fill that stuff with ground glass (itching powder) so wear gloves and a respirator when sanding it.
I only use foam if I'm making a plug with lots of compound curves and treat it like a soft balsa. If it is hard chine or of very straightforward construction I prefer to use more conventional techniques, using either wood or better still plastic sheet (e.g. plasticard, but make sure it's coated well with the 2K paint, because it's styrene and will melt with polyester resin)
When making a master with this foam, I always apply glass matt or cloth over the surface with resin, this makes it super tough, I then use polyester filler to get the final finish. First master I made using foam, I used polyester filler directly over the foam. It worked, but the master was extremely fragile, as filler has zero tensile strength, one little ding, and I knocked a hole in the finish, so if you use filler only you need to build up a thickness of about 3 or 4mm to get sufficient strength. I find the glass matt/cloth technique easier, and cheaper.
Polystyrene foam works as well, but make sure you coat it well either with polyurethane varnish, oil paint, epoxy resin or PVA glue before touching it with polyester resin for the reasons that circlip mentioned.