Tyler,
Let it cool down, line a strainer with cheese cloth, and filter it back into the original container.
It can be stored at room temperature just as before it was used. It can be used as any other vegetable oil for cooking purposes.
Some people will tell you that can not reuse it for deep frying, but what do fast food restaurants do

As you reuse it keep in mind that the smoke point will lower with each use (the reason peanut oil is used is its high smoke point).
Use it, clean it and store it well, and after it is used up you can always run it through your diesel pickup for fuel

By the way, after a funeral yesterday a neighbor was leaving the church in his Dodge with a Cummins running 80% soy ... could have sworn there was a bbq grill being lit in the parking lot. Smelled so good I had to go in for a sandwich
