optimal width of line of code

Why people want to keep those tight limits of width of line of code? What is more readable?

bar = baz().foo().foo().foo().foo().foo().foo().foo().foo().foo().foo().foo().foo().foo().foo().foo().foo().foo().foo().foo()

or:

[pre]a = baz().foo().foo().foo().foo().foo().foo()
b = a.foo().foo().foo().foo().foo().foo().foo()
bar = b.foo().foo().foo().foo().foo().foo()[/pre]

For me first option is much better, because i don't heave to remember, what a, b means.

@foo.grep:   /^a/
==> .map:    *.chars
==> .reduce: *+*

This looks too pretty for Perl. Also, an operator for everything