right, but since the receive queue is maximally 4096 bytes, and mirc is able to read all 4096 bytes in a single /sockread &var, the point was not using a while loop in that case is the simplest and most efficient way forward

about the %1 business in your code, in general you should loop until $sockbr (after a /sockread) or $sock().rq become 0. here's yet another template code in addition to the one mentioned earlier, this is just to read a line at a time but any other sockread variation can be used as well:

Code:
on *:sockread:name:{
  var %var
  while ($sock($sockname).rq) {
    sockread -f %var
    echo -a * %var
  }
}

"The only excuse for making a useless script is that one admires it intensely" - Oscar Wilde