Quoted from Av8:JB Weld Kwik Wood Putty. Place in, use fine point to make small hole for screw to bite on (pencil). Let dry. Good as new. Has different colors.
http://www.amazon.com/J-B-Weld-8257-KwikWood-Epoxy/dp/B002NJDAJY
I almost said me too, but I use Quikwood. Everything else you said is me too.