In the summer when I wear my puff (or used to), I would wash my hair, let it air dry over night and in the morning, rub Shea butter in it. It would soften (hard for most products to do) my hair and keep it buttery soft and moist for a few days. I would reapply the butter about 3 days later and wash my hair on the weekend.
For me it worked as a moisturizer. No misting of water, no applying of a water based moisturizer before hand. Pure shea butter that I used to get from Crabapple Soap Factory (yeah, I know, I know, but they had the best Shea butter for the price until the company went down hill).
Before I used shea butter, my hair was hard and never really got soft no matter what I used. Even curl activator gel (which softened my hair) wore off by the end of the day, so I used SHea butter and only shea butter.
C/O wash
Condition
Rinse
Air Dry (hair is rock hard, always until the next step)
Shea Butter
Gave me really soft and MOISTURIZED hair.
Maybe in the case of only water mosturizing hair, I am the exception.
I don't follow that routine anymore, 'cause I am a PJ an CSF went crazy, so I'm still looking for a replacement butter.
I now use cocoshea from Health2go.com (they have a new name, but I can't think of it). To which I mix my curl activator gel. I use it on damp hair now. It mosturizes my hair just as well as the shea butter from CSF did.
FOR ME (YMMV), shea butter (PURE, no other ingredients added) was a moisturizer when I used it that way.