Severe insulin resistance often associated with diabetes can make it hard for your body to get rid of fat in your blood. Eruptive xanthomatosis is a condition that can happen when you have very high cholesterol. Firm, yellow, waxy pea-like bumps on the skin are surrounded by red halos and are itchy. These usually show up on the eyes, elbows, face, and buttocks. They also can appear on the back side of the arms and legs. To treat it, your doctor will work to control the level of fats in your blood. The bumps usually go away over several weeks. You might also need drugs that control different types of fats in the blood.