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Hey guys, OP here.
At the risk of snapping some suspenders, I will inform you all I did indeed drown it in a garbage bin. No smell; no tell. The reason I posted this question because my roommates and I had a heated discussion on exactly how to deal with it. The debate was quite like that in this thread.
Also, for those of you who think I acted cruelly might like to know that a few days before catching Mr. L'Pew, we caught a raccoon. We proceeded to give it food and water, then got it nice and high via ye old hotbox technique. We exchanged goodbyes and sent him on his merry way.