Memcached has some weird rules about its keys. Ignore them and you'll get an error like "MemcachedKeyCharacterError: Control characters not allowed". So install this.
Install django-memcachedkeys:
pip install django-memcachedkeys
Then use it in your settings file:
CACHES = { 'default': { 'BACKEND': 'django.core.cache.backends.memcached.MemcachedCache', 'LOCATION': '127.0.0.1:11211', 'KEY_PREFIX': 'whatever', 'KEY_FUNCTION': 'memcachedkeys.make_key', } }