I slid some heavy duty fishing wire between the badge and the paint. This removed the badge, but left some adhesive behind. I simply rubbed the adhesive away with my thumb, then washed the area with a little bit of water. I have since washed the car twice but have not waxed it and the spot where the badge was is completely unnoticable.

Thanks for all of the input!

__________________
Ben

The MBs:
1976 300D (W115) - 330K and still going (sort of)
1991 300D 2.5 Turbo - Sold at 221K
1983 280SEL - Sold at 206K
1981 300SD - Sold at 232K