I first learned about Micromesh about 20 years ago where it was used to polish out scratches on aircraft windshields. It is a silicon carbide abrasive in a rubber matrix on fine cloth backing. It is also available with the cloth bonded onto a stiff but flexible closed cell foam backing -- not sponge which would be a soft open cell foam. Since then, it is being used in a great many applications. The grits that are sold for use on wood start at 1500 which is about the same as P400 grit sandpaper and goes all the way up to 12,000 grit which will give a very highly polished finish where the scratch marks are well beyond the resolution of the human eye. You can buy it with or without the foam backing. I buy it at Rockler Hardware since they have a store just a few miles from me. I usually get the package of double sided foam backed grits that cover the range of 1500 to 12,000 for about $20. The stuff lasts a very long time. When it gets dirty it can be washed. I think that it works better when wet, but of course you need to have the wood thoroughly waterproofed with lacquer before you do wet sanding.