Probably split it in half. Couple half with what's in the bank for a nice down payment on a new house, and invest the other half.
I would pay off my car/credit cards (19k), put $15k in savings for my son, purchase a new car for $20k to replace my 12 year old car, give $5k to my brother to help lower his mortgage balance, give a couple thousdand each to my nieces. Use the rest as a downpayment for a home.
$50,000 towards mortgage. $30,000 to save/invest. $20,000 towards new car. Or 200,000 Jack in the Box tacos
Cocaine and hookers. Buy texans PSL. Keep selling tickets until PSL was paid back. Buy some small piece of land with chicken and cows and vegetables and get ready for the zombie takeover.
You know what I would do if I had a $100,000? I would invest half of it in low risk mutual funds and then take the other half over to my friend Asadulah who works in securities..
put 80k in index funds, drop 5k into a couple of spec stocks, take a few adventure trips with the last 10k.
I would Fund MIT's inception project on Great White Sharks, so that the hero character in Unbreakable would actually have a cool Villain to fight, one who can command Great White Sharks at will, and I would start by taking out Samual Jackson's character with a Great White Shark just to make my point. And thus it begins... <iframe width="560" height="315" src="//www.youtube.com/embed/GQ_muyZ9vXE" frameborder="0" allowfullscreen></iframe>