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http://support.microsoft.com/kb/213983 
This error message occurs when you save or open a file if the path to the file (including the file name) exceeds 218 characters. This limitation includes three characters representing the drive, the characters in folder names, the backslash character between folders, and the characters in the file name.
This behavior is based on a 256-character limitation in Excel for creating links to another file. This limit of 218 characters for the path name is based on the following:
Up to 31 characters in a sheet name.
Apostrophes and brackets used to denote the workbook name.
An exclamation point.
A cell reference.
This error message occurs when you save or open a file if the path to the file (including the file name) exceeds 218 characters. This limitation includes three characters representing the drive, the characters in folder names, the backslash character between folders, and the characters in the file name.
This behavior is based on a 256-character limitation in Excel for creating links to another file. This limit of 218 characters for the path name is based on the following:
Up to 31 characters in a sheet name.
Apostrophes and brackets used to denote the workbook name.
An exclamation point.
A cell reference.
Young professional woman and busy mom.
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2013 @ 2013-08-27 08:48:56.0 di ::1