I've used the AV method for many years (since I've been an amateur stage hand for over 28 years. It makes me cringe to see others use the daisy chain method, but if it works for you, I'm pleased that it does.
The AV method is essentially coiling the cord the opposite way every loop...so you don't get the ridiculous coil every time you unroll it (like your water hose...how much work you have go through to get it to lay flat, if you coil it the same direction for its entire length.) With the AV method, you give each loop a quarter twist as you lay the next coil on, going opposite directions every other turn. It is a lot easier to show someone than explain it. I use the AV method for pretty much everything--extension cords, air hose, and water hose.
For shorter wires, which need to be uncoiled frequently (mouse cable cords, computer power cords, etc.) I use a method I came up with. Keep 'folding the cord in half' (bring both ends together to reduce the cable length by half. Take the two 'new' ends and bring them together, reducing the cable length to 1/4. Keep doing this, until you have just enough cable to tie a VERY loose knot in the cable (a function of thickness and length). The VERY loose knot keeps the cable from uncoiling and getting tangled up. The doubling over method makes it very quick to wrap the cord up each time (packing up your computer between classes, leaving one meeting and going to another).
M_P