I have created a table in hive as
Create table(id int, Description String)  
My data looks something as follows :
 
1|This will         
        I know this question is old, but you have a couple of options.  You can't control this with FIELDS TERMINATED BY, because that only controls what terminates the fields, not the records.  Records in Hive are hard-coded to be terminated by the newline character (even though there is a LINES TERMINATED BY clause, it is not implemented).
InputFormat that uses a RecordReader that
understands non-newline delimited records.  Look at the code for
LineReader/LineRecordReader and TextInputFormat.try adding the below property in hive-site.xml or you can just try for temporary hive session level.
hive.query.result.fileformat=SequenceFile
By default hive takes in NEWLINE ('\N') as delimiter . You can change the delimiter using:
    ROW FORMAT DELIMITED FIELDS TERMINATED BY ",";