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which suggests the use of a 'close all open parens' token to cut down on all the )))))) stuff at the end of a line, which can get really tedious, especially when editing in 'dumb' editors.
That's not much help when you want to close all but one or two. The solution is to use the right tool for the job. Emacs has something called paredit-mode that relieves you of having to type the closing parens.
Yes! I can't do without it now. BTW somebody told me Paredit is a port of the old Interlisp structured editor.
There's also http://news.ycombinator.com/item?id=877386, if you haven't seen it.