How to fit text box size to text?
I want to fit the artboard to selected art (two text boxes) - the text boxes are larger than the text inside them - how do I fit (shrink) them to wrap tightly around my text?
Illustrator version - CS5
Illustrator doesn't (as of 5.1) have a handy "fit frame to content" feature like InDesign. Just select the text frame and drag the handles inward until the frame is snug to the text.
This is now a built-in feature as of 2014 in Adobe Illustrator CC. You'll find it under Type > Area Type Options > Auto Size.