Chevy, while I definitely see the merit of all the stated methods, the first story you told was admittedly not the best example in my opinion. I think that story would have classified more in HRutila's category

While I'm not going to argue about the effectiveness of the callsign, my (uneducated - please correct me if I'm wrong) view is that its easier to visualize and comprehend whats going on at an airport if you don't have to remember all the callsigns. Unless there's over two of the same aircraft type in a pattern, I think descriptions would be a bit easier on the brain - "Rancho traffic, bright pink Cessna turning base behind neon green Cessna on final", instead of "Rancho traffic, Cessna 123AB turning base behind Cessna 321ZX on final". If you do have to use your callsign, I personally would use the abbreviated version to keep the briefness, but give people something to distinguish my Cessna, from say, the other 4 in the pattern. In your example, wouldn't it have been just as easy for the person to say "Cessna in the hold"? Sure, a bit wordier, but less memorization to devote to callsigns and more to flying the plane. Then again, I'm not sure if what I just said is even remotely correct, so please tell me the "merit" of my view.