diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2ce15f2..63ffdc6 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,14 @@ This file does not aim to be comprehensive (you have git history for that),
 rather it lists changes that might impact your own code as a consumer of
 this library.
 
+next
+-----
+### Bugfix
+* `pipe` now properly unbinds its `drain` handler from the destination when it
+  is done. Previously, there would have been a memory leak if the destination is
+  long-lived (e.g., as with `process.stdout`).
+  [#466](https://github.com/caolan/highland/pull/466).
+
 2.7.2
 -----
 ### Bugfix
diff --git a/lib/index.js b/lib/index.js
index 1538843..7812650 100755
--- a/lib/index.js
+++ b/lib/index.js
@@ -752,9 +752,6 @@ Stream.prototype._send = function (err, x) {
     //console.log(['_send', this.id, err, x]);
     var token;
 
-    if (x === nil) {
-        this.ended = true;
-    }
     if (this._consumers.length) {
         token = err ? new StreamError(err) : x;
         // this._consumers may be changed from under us,
@@ -784,6 +781,57 @@ Stream.prototype._send = function (err, x) {
             this.emit('data', x);
         }
     }
+
+    if (x === nil) {
+        this._onEnd();
+    }
+};
+
+
+Stream.prototype._onEnd = function _onEnd() {
+    if (this.ended) {
+        return;
+    }
+
+    this.pause();
+
+    this.ended = true;
+
+    if (this.source) {
+        var source = this.source;
+        source._removeConsumer(this);
+        source._removeObserver(this);
+    }
+
+    var i, len;
+
+    // _removeConsumer may modify this._consumers.
+    var consumers = this._consumers;
+    for (i = 0, len = consumers.length; i < len; i++) {
+        this._removeConsumer(consumers[i]);
+    }
+
+    // Don't use _removeObserver for efficiency reasons.
+    var observer;
+    for (i = 0, len = this._observers.length; i < len; i++) {
+        observer = this._observers[i];
+        if (observer.source === this) {
+            observer.source = null;
+        }
+    }
+
+    for (i = 0, len = this._destructors.length; i < len; i++) {
+        this._destructors[i].call(this);
+    }
+
+    this.source = null;
+    this._consumers = [];
+    this._incoming = [];
+    this._outgoing = [];
+    this._delegate = null;
+    this._generator = null;
+    this._observers = [];
+    this._destructors = [];
 };
 
 /**
@@ -1022,23 +1070,11 @@ Stream.prototype.pipe = function (dest, options) {
  */
 
 Stream.prototype.destroy = function () {
-    var self = this;
-    this.end();
-    _(this._consumers).each(function (consumer) {
-        self._removeConsumer(consumer);
-    });
-    _(this._observers).each(function (observer) {
-        self._removeObserver(observer);
-    });
-
-    if (this.source) {
-        var source = this.source;
-        source._removeConsumer(this);
-        source._removeObserver(this);
+    if (this.ended) {
+        return;
     }
-    _(this._destructors).each(function (destructor) {
-        destructor.call(self);
-    });
+    this.end();
+    this._onEnd();
 };
 
 /**
diff --git a/test/test.js b/test/test.js
index 4fecbb4..7000976 100755
--- a/test/test.js
+++ b/test/test.js
@@ -1732,6 +1732,32 @@ exports['pipe'] = {
         clock.restore();
         test.ok(!ended, 'The destination should not have been ended.');
         test.done();
+    },
+    'clean up drain handler when done': function (test) {
+        test.expect(2);
+
+        var dest = _();
+        var boundListener = false;
+        var unboundListener = false;
+
+        dest.on('newListener', function (ev) {
+            if (ev === 'drain') {
+                boundListener = true;
+            }
+        });
+
+        dest.on('removeListener', function (ev) {
+            if (ev === 'drain') {
+                unboundListener = true;
+            }
+        });
+
+        _([1, 2, 3]).pipe(dest)
+            .resume();
+
+        test.ok(boundListener, 'No drain listener was bound.');
+        test.ok(unboundListener, 'No drain listener was unbound.');
+        test.done();
     }
 };