Oh, OK, I am on the No Wrap setting and thus this does not apply, was not immediately apparent.

Thank You! … But I would love to have it enabled to be at par with the “Remove New Lines” please.

This then makes the functionality toggle and work in conjunction with the No Wrap mode.

PS: A better name for “Remove New Lines” IMHO would be “Remove New Line Endings“/”Insert New Line Endings“.