Or you could create your own select box that allows the wrapping of text.
<html>
<head>
<style>
.customSelect{
border: inset;
font-family: MS Sans Serif;
font-size: 80%;
width: 200px;
cursor: default;
}
</style>
<script>
function toggleHighlight(div,sel,num){
option=document.f[sel][num]
div.style.color=(option.selected ? 'black':'highlighttext');
div.style.backgroundColor=(option.selected ? 'white':'highlight');
option.selected=!option.selected;
}
</script>
</head>
<body>
<form name="f">
<span class="customSelect">
<div style="width:100%" onclick="toggleHighlight(this,'myselect',0)" onselectstart="return false">Option 1</div>
<div style="width:100%" onclick="toggleHighlight(this,'myselect',1)" onselectstart="return false">Option 2</div>
<div style="width:100%" onclick="toggleHighlight(this,'myselect',2)" onselectstart="return false">Option wrapping text wrapping text wrapping text wrapping text</div>
</span>
<select name="myselect" multiple style="display:none">
<option value="Value 1">
<option value="Value 2">
<option value="Value 3">
</select>
<input type="submit">
</form>
</body>
</html>