Yeah, it still shouldn't smell. Two years is a long time. I'd skip it. In the event you have a penis, you probably have loads of things that can be used as lubes in the house already anyway: olive or vegetable oil, body oil or lotion, or hair conditioner are all safe, healthy and also effective things that can be used.
(If you don't have a penis, I'm happy to go another round on this, but then by all means, stay clear of that lube. Even if it wasn't expired, novelty lubes aren't great for vulvas or vaginas.)
Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has. - Margaret Mead