ExpressionEngine Loop/Split Template Pseudo Code

gistfile1.txt

{!-- Looping and splitting entries --}
{exp:channel:entries channel="foo"}

  {if count == 1}
    <ul>
  {/if}

  <li>{bar}</li>

  {if count == total_results}
    </ul>
  {if:else}
    {switch="|||</ul><ul>"}
  {/if}

{/exp:channel:entries}