Every time I click-and-drag a UILabel to storyboard, and then add text to Text field, the text is cut off, so I then have to click-and-drag the UILabel to stretch it big enough
On any element in Interface Builder you can select the element and hit...
Editor > Size to Fit Content (keyboard shortcut: CMD+=)
This will do a "sizeToFit" on the selected element. Labels will fit their text size, image view will resize to the image size, etc...