I'm also gonna have to go with 2. It's 2012 people we have laser beams for this kind of stuff now. Scorched earth is the future (and it's more hygienic [especially after a week on the playa]).
Although. . . I did see a playboy bunny shaved under a young lady's bikini once. I felt like I won something.
I mean no offense to the hairsuits. I have love for all women (which is probably why Lemur's post has me so conflicted)