As a themer, you frequently want to cut a bit of text to a certain length, be it for layout reasons, or teasers.
Luckily, instead of trying to figure out how to do it cleanly with PHP, Drupal API provides a very handy function that does what we need to do, to any text string.
truncate_utf8() api.drupal.org/api/function/truncate_utf8/5