What to do with the fryer oil?

I have a basket type deep fryer that I never use. The problem I have is it takes so much oil to fill it that it seems like a complete waste to fry up one dinner and then throw the oil away. I tried saving the oil in the fridge once but I read that it's not healthy to re-use fryer oil. Does anyone have any suggestions for getting more use out of my fryer without being so wasteful?

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