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If your dog meets a skunk and is sprayed - here is the best home option for removing the smell from their coat.
Note: Keep this solution out of their eyes - if they are skunked in the face, use a washcloth to carefully wash their face avoiding the eyes.
Note 2: Do not premix this solution - it is chemically unstable for storage and will likely cause a closed container to burst.
Note 3: Do not rinse your dog off prior to applying this solution, skunk spray is oil based and will not dissolve in water - rinsing first just causes the spray to spread onto more of the dog.
1 quart Hydrogen Peroxide
1/4 cup baking soda
1 squirt of blue Dawn dishwashing liquid
Mix the above with enough water to make a slurry. Apply directly to the dog's coat and let sit for 10 minutes. Rinse thoroughly.
Nothing will eliminate the smell entirely, but the recipe above is as good as it gets. It comes from a PBS show in which an organic chemist explained what chemicals make up the skunk spray and how the above breaks down those chemical compounds and eliminates the smell. It can be used to hand wash a dog collar or leash that was affected by the skunk spray as well.
Do Ahead Tip - I keep a large freezer bag under each sink in my home that contains a washcloth, the bottle of hydrogen peroxide, the 1/4 c baking soda pre-measured in a small ziploc bag and a travel size bottle of the Dawn dishwashing liquid. Once the dog has been skunked I don't want to waste time gathering up materials, while the dog is likely rubbing his face/body on the floor in the house - and spreading the stink around.