Persisting large values in Module Settings when creating a custom modu

So you want to create a simple custom module. At first, it seems easy. Just two or three settings to take care of, no need for complicated, custom tables and unistall/uninstall scripts. DNN's built-in module settings API seems to be enough. But suddenly, needs grow a lot. There are some large values you need to store and the ModuleSettings table won't allow large chunks of information per row. It seems that you have to switch to a custom table which will be holding your settings...