The tools of the experiment: $2 Carter's stamp pad re-inker and a thin strip of cloth. The K.I.S.S Method.
Keep ribbon in typewriter, but pull it out of the vibrator and rewind it all the way to one end. Then take the ribbon and hold it firmly to the business end of the re-inker using the strip of cloth in such a way that you can lightly squeeze the re-inker and you wind the ribbon slowly back through it. Excess ink gets soaked into the cloth, and I didn't have any drips. When done, just thread the newly inked ribbon back into the vibrator and flip the directional switch so it feeds the ribbon back. I actually wound the ribbon back and forth between the spools a couple of times to help the ink soak in.