Personally, I'd go ahead and replace it now, so you at least get some use out of your $80. :) The picture doesn't look like a repair, but rather leakage from whatever goo is going down the drain.
As for patching it, I'd say pull it out, clean the inside wall thoroughly, dry it thoroughly, scuff it up a bit, and apply some JB weld along the crack. Then get a big pipe clamp (or several) around the outside to try and keep it from splitting further. I don't have much confidence that such a repair would last long, though. Short of recasting the plastic, you'll just have to bite the bullet and shell out for a new one.