Really?
One way which comes to mind is to split the script into two parts, one of which runs on a trusted system where you get to define "trusted". The source on the untrusted portion may as well be regarded as open to view. The trusted portion of the source should be well hidden and perform a service sufficiently complicated that an attacker finds it cheaper to play by your rules than to write or pay for a re-implementation.
Yes, really. Splitting it into 2 parts isn't sufficiently complicated. Making it sufficiently complicated entails some kind of quantum computing that hasn't been invented yet.
