I'm setting baselineskip to a multiple of 4 times the fontsize and it's having not much of a difference from 1.2. At 1.2 the text collides as well.
I'm making a flashcard app, so the text should be easy on the eyes. It doesn't have to be compressed like newspaper text.
\documentclass[varwidth]{standalone}
\usepackage{lmodern}
\begin{document}{\fontsize{60}{240}\selectfont
I have baselineskip set to 4 in the fontsize macro, as you can see it doesn't seem to be doing much. It would be nice to have some spaces in between these beautiful lines. Thank you.}
\end{document}
Here's a picture of the output and my app:

\baselineskipat the end of the paragraph that is used. – David Carlisle Jan 02 '18 at 20:42