I wish I had some easy answer for this… however I spent way too much time Googling for an answer, so I gave up and just installed python-memcached.

sudo easy_install python-memcached

I know that cmemcached is faster, but since I just use my OSX (10.5.8) setup for development I decided to just go for the easy solution and install python-memcached. Normally, I like to use the same libraries for development as I do on my production Ubuntu server, however I don’t think in this situation it’s really going to matter much. If anyone has an easy way to install cmemcached then feel free to post it in the comments. Hopefully, this post will save someone else some time.