definately do not tip it back into the fermenter, this is asking for trouble. It
is considered wastage, but its a necessary part of the brewing process. In the grand scheme of things, your only looking at about 150ml -200ml per test, give or take. A small price to pay for good beer....
Most brewers take advantage of hydrometer testing. Smell the beer. Look at it, and taste it. Yes its warm, and its not finished, but by doing so, it gives you an understanding of what is happening in the brewing process, and after a while you will be able to taste a sample, and relate that to how the beer will be when bottled. As you get more experience, you will learn how long your recipes are likely to take, and the hydrometer readings really become just a confirmation of that.
Eventually it will cut down to as low as 3 readings. An initial reading, a reading when you think its done, and a confirmation 24hrs later. (some take a further reading to be sure, but after you've done the same recipe a couple of dozen times.....I know what my hydrometer is going to tell me, even before I take the reading. I still do it anyway, just to be sure. Especially if I'm bottling instead of kegging. And particularly if I'm bottling in glass.)
Oh, and some plants
love wort. Lots of nutrients. As long as the plant is happy in acidic conditions (pH5.2-5.8)