| rickeryn,
You are most likely not going to get the defect to disappear.
The procedure below works best for a clear satin finish like polyurethane.
You could apply some CA glue (thick or medium would probably work best) with multiple thin applications until the spot looks about level. Don't use accelerator, or the glue could turn white. Take your time and make sure the glue dries between applications(5 min or so depending on thickness). Then lightly sand the area to level the glue to the surrounding finish. Use a hard block and start at about 400 grit paper. Go slowly, or you could sand too much and make the whole situation worse. To make the initial leveling a little less risky you could apply tape to either side of the flaw before you start sanding. Scotch tape, or blue masking tape work well. That way if you aren't holding the block level you won't dig into the surrounding finish. Once you get the finish close with the 400 grit and the tape move to 600 grit and level it right to the surrounding finish. Depending in the sheen of your satin finish you could continue to finer and finer grits until you get a match, as high as 2000 grit. You could also go to steel wool at this point. It's just a matter of how close you want to repair to blend with the surrounding finish sheenwise (is that a word?)
Of course, if it's an oil finish, which I thought Lakland's were, you could just sand the defect out and apply more oil.
Good Luck | 
