2017 WARNING! The accepted answer appears to work, but with recent kernels I discovered that the system would hang as soon as it started swapping. If you attempt using an encrypted swap file, make sure that it actually swaps properly. It took me a long time to figure out why my system kept locking up for no apparent reason. I've gone back to using an encrypted swap partition, which does work correctly.
How do I set up an encrypted swap file (not partition) in Linux? Is it even possible? All the guides I've found talk about encrypted swap partitions, but I don't have a swap partition, and I'd rather not have to repartition my disk.
I don't need suspend-to-disk support, so I'd like to use a random key on each boot.
I'm already using a TrueCrypt file-hosted volume for my data, but I don't want to put my swap in that volume. I'm not set on using TrueCrypt for the swap file if there's a better solution.
I'm using Arch Linux with the default kernel, if that matters.