I, too, breed fancy rats (or at least am trying to) and use the unwanted babies as food. It sounds brutal and awful, and it's kind of hard to do (emotionally), but I found the best thing to do is just grab them by the tail and thwack their heads against something very hard, like concrete. A blunt head trauma will typically knock an animal unconcious, even if it doesn't immediately kill it, so the animal shouldn't really feel any pain.
I would think that trying to kill them with CO2 would be dangerous to you and whatever else lived in your house. Snapping their necks (cervical-spine dislocation, the quickest, most painless way to kill a small rodent) can theoretically be done by grabbing the tail and the head and pulling, but I haven't been able to do that very successfully.
As for freezing to death, I've heard that, at least in humans, there is a small period of euphoria right before death; however, I don't know if that applies to rodents as well, and I'd be worried that the little buggers would chew their way out of whatever container they were in and start eating whatever else is in your freezer.
Man, discussions like this sure make you hope no PETA members troll these boards . . . I really do like rats; I have three of them as pets! . . . Just that snakes have to eat, too. And there is no such thing as vegan snake food.
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Kitt