Power cable management


Is there any consensus on what to do with power cords that are too long? I figure the options are:

1). Coil neatly
2). Wrap neatly back and forth kind of like a bow tie
3). Leave as a rats nest and try to ignore it

I am currently employing option 3 but would like to staighten it up a little. This is for relatively flexible captive power cords on some older equipment I have. I also have some stuff that takes UECs but my aftermarket cords are made to just about the right length so there isn't really any excess to worry about.
mhedges
I am doing pretty much the same thing as Tbg. The only difference is that I use pvc plumbing pieces to lift the cables and where the cables do come into contact with one another I use a cotton ball to seperate them. I don't know if it improves the sound but I like it.
Anyone else have any ideas? Has anyone coiled or folded the cords and had problems afterwards?
IME there has been no difference sonically whether PC's were touching or not, and certainly didn't hear a difference if they were touching in parallel, perpendicular etc. I try to keep mine off the floor and away from speaker cables and interconnects, after that just try to be as neat as possible.

FWIW one power cord to a monoblock is pretty much circumnavigating the power strip it is plugged into, as that's the best way considering all options.