I own a webcaster and also have played paintball since the CO2 days. I can tell you that it won't work without some real engineering work. Keep in mind that under pressure CO2 becomes a liquid, and when it goes through a phase change it rapidly expands and rapidly cools everything it touches. CO2 would literally freeze the end of your glue gun in about a second and completely undo the whole point of shooting strands of liquid glue. You could probably shoot a small bb sized pellet of glue a long distance though....