max-width adjusts to fit text?

Question

Not the best title, but anyway...

I have an element with a max-width and some text.

If the text is longer than will fit on one line, I get this:

Answer 1

Not Possible by CSS Alone

According to BoltClock in this answer, it is not possible. The explanation makes sense. For the line wrap to occur to begin with, the line needs to reach the max-width setting. Once done, it wraps, but it does not reshrink because it is using that size for the calculation of the wrap.

As far as I know, this is still not possible.