You have 5 minutes to hide a paperclip in your home. A detective has 24 hours to find it, If they don't, you get $100,000. Where are you going to hide the paperclip?
Assuming this is like a neon green and magenta paperclip with a perfectly unique appearance.
My first thought is to bend it straight and stick it down the barrel of a Papermate Sharpwriter, then put said pencil in my pen cup or something.
My next thought is to put it in one of several dozen bottles of chemicals I have around the house. Laundry detergent, fabric softener, floor polish, 3-in-1 oil, car wax, chlorox, soft scrub, etc. But if you've got 24 hours to find it you might just think to empty out all the opaque bottles.
My third thought is to climb up on my roof and wedge it under a shingle.
If that one isn't accepted, I'd see if I could get it to fit in a cat turd in Izzy's litterbox.