After about an hour of tinkering around on google and in the terminal here is what you need to do:

Replace:

With:

All done!

Thanks to: http://gadelkareem.com/2007/09/17/dynamic-content-caching-using-lighty-mod_magnet-lua/ && http://www.verlihub-project.org/doku.phpid=howto_install_lua_library_on_64_bit