Here is the example directly from PEP 8 on limiting line length:
class Rectangle(Blob):
def __init__(self, width, height,
color='black', emphasis=None, highlight=0):
if (width == 0 and height == 0 and
color == 'red' and emphasis == 'strong' or
highlight > 100):
raise ValueError("sorry, you lose")
if width == 0 and height == 0 and (color == 'red' or
emphasis is None):
raise ValueError("I don't think so -- values are %s, %s" %
(width, height))
Blob.__init__(self, width, height,
color, emphasis, highlight)