Besides using a TButton with an embedded TLabel, you can simply use a TBitBtn to display wrapped text. This can be achieved by either of the following ways:
Select 'view form as text' (Alt-F12) and change the TBitBtn caption to
Caption = 'wrapped'#10'here'#10'and there'
then 'view as form' again
Caution:
a few mistypes and have strange consequences here: DO NOT change names or cutnpaste new objects, modify only those already created
In startup code (.FormCreate()) set caption to 'Hello' + #10 + 'World';
If you copy a LF(#10) to clipboard you can paste (shift-insert)
it into the TBitBtn caption to get the multiline text at design time
CR doesn't work for this nor does alt-013 or alt-010 :-(
this at least allows captioning.