<font color=blue>There was a suggestion of laying a heavy blanket over the line</font color=blue>
I didn't read the other thread, but this is a very common practice and many winch manufacturers actually recommend it in their instruction books for their products (for good reason).
Basically, it has to do with air resistance (as Wingnut alluded to). Believe it or not, it does help, although yes, it does depend on a number of variables as to “how much” it helps.
Basically the blanket serves as a big "air brake" to slow down the cable (no, it won't stop it.) With a sudden release of energy, the air resistance is considerable, unlike with a slow release of energy. The PVC pipe idea can't do this (although I'm not prepared to say it wouldn't have other "benefits".) The chain? Well, although you’d have that whole momentum thing that should “help”, I tend to agree with Wingnut in that you might just be creating another projectile (that is tethered to nothing, unlike the winch cable itself) A high velocity blanket would seem to be a lot less damaging than a high velocity chain if it “flew off.”
Now, admittedly, there are a HUGE number of variables in a typical winching situation so there is no guarantee that everything will “work out” just because you have a blanket over your cable when it lets go, (e.g. the cable snaps at the opposite end from where the blanket is placed, the direction the cable whips, etc.) but overall it is a good practice to increase your safety factor when winching. (besides, what is the downside??? And please, nobody say anything like “it takes up room in my trunk” or something goofy like that /w3tcompact/icons/eyes.gif - those are excuses, not valid reasons...)
PS: After writing all this ( /w3tcompact/icons/eyes.gif ) I found <A target="_blank" HREF=http://www.ramsey.com/video/>this</A> link - you can download (Cable/DSL recommended! Big file!) the “Safety” video to see what Ramsey recommends/shows - about a 15 minute video with not-so-great actors, but you'll get the idea.
You'll notice they continually repeat to "use a blanket or tarp" when winching for safety reasons, and being a manufacturer of winches (hence they worry about product liability suits), I think that gives them some added credibility. (I'll go on to say that there are other safety “rules” that are not mentioned, but overall the narrator does mention some "good stuff" to think about when winching....)
Enjoy! /w3tcompact/icons/smile.gif