Like the idea of compost, but hate the mess, smell, and look of a nasty bin. Don't give up on the idea of recycling your scraps and creating rich, dark compost. Vermicomposting is odorless, easy, and you can do it indoors in a plastic tub. If you have children, it can teach them about nature, the environment, and conservation.
Composting Using Worm Power
Vermicomposting or vermiposting is composting using worms. Don't squirm (pun intended), worms are clean, they don't smell, and they make some of the best compost available anywhere. For a nominal investment in a colony of red wiggler worms, you can put them to work eating your newsprint, vegetable peelings, pasta, and coffee grounds. They don't need much space, and once you see what they can do, you'll start to develop downright tender feelings for the little wigglers.
For instructions on making your own inexpensive setup, visit my herb blog and article on vermicomposting:
Start a Vermicomposting Bin
How to Start Vermicomposting