A slack storage receptacle for storing an excess length of a pre-connectorized fiber optic drop cable extending between an optical connection terminal and a network interface device (NID) includes a housing and a storage means disposed within the housing for receiving the drop cable such that the drop cable slack is stored external to the NID. The slack storage receptacle may be secured to an exterior wall of a subscriber premises and the NID mounted thereon. Alternatively, the slack storage receptacle may be positioned around and formed to the NID. Alternatively, the slack storage receptacle may be buried in the ground adjacent the NID. The drop cable slack may be wound onto the storage means after deployment. Alternatively, the slack storage receptacle may be pre-assembled, shipped to the subscriber premises, and the drop cable unwound from the storage means with the drop cable slack remaining wound on the storage means.