Description
This script hides the content of deleted answers (which are visible to 10k+ Stack Exchange users), injects a show content / hide content toggle in the answer's menu, and injects a visibility toggle for all hidden questions into the page.
Notes
Based on a few comments below, as of June 2017 I have updated and republished the Chrome extension.
If you like/use the extension, please rate it in the Chrome store. Additionally, before UserScripts.org shut down, the script saw a lot of activity there. If a similar site has taken its place in popularity, please let me know in the comments below so that I can post it there as well.
Installation
This script is now available as a Google Chrome extension.
Update Information
1.5 - Republished Chrome extension
1.4 - Deleted answer manager now works on all StackExchange sites.
1.3 - Fixed HTML injection, updated to latest jquery.
1.0 - Added link for Google Chrome extension.
1.0 - Modify the page only if deleted answer(s) exist.
0.9 - Fixed bug in show/hide content logic.
0.8 - Added ability to save preferences using localStorage
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0.7 - Initial post on Stack Apps.