Quick Search Index Rebuild Error due to Large Item Names

Environment Summary: Sitecore 8.0 rev. 150223 (Update-2)

Issue : Quick Search Index Rebuilding error

When we try to run the "Quick Search Index" rebuild, we get the following error

Job started: RebuildSearchIndex|System.ArgumentException: it doesn't make sense to have a field that is neither indexed nor stored
   at Lucene.Net.Documents.Field..ctor(String name, Boolean internName, String value_Renamed, Store store, Index index, TermVector termVector)
   at Sitecore.Search.Crawlers.BaseCrawler.CreateDataField(String name, String value)
   at Sitecore.Search.Crawlers.DatabaseCrawler.AddSpecialFields(Document document, Item item)
   at Sitecore.Search.Crawlers.DatabaseCrawler.IndexVersion(Item item, Item latestVersion, IndexUpdateContext context)
   at Sitecore.Search.Crawlers.DatabaseCrawler.AddItem(Item item, IndexUpdateContext context)
   at Sitecore.Search.Crawlers.DatabaseCrawler.AddTree(Item root, IndexUpdateContext context)
   at Sitecore.Search.Crawlers.DatabaseCrawler.AddTree(Item root, IndexUpdateContext context)
   at Sitecore.Search.Crawlers.DatabaseCrawler.AddTree(Item root, IndexUpdateContext context)
   at Sitecore.Search.Crawlers.DatabaseCrawler.AddTree(Item root, IndexUpdateContext context)
   at Sitecore.Search.Crawlers.DatabaseCrawler.AddTree(Item root, IndexUpdateContext context)
   at Sitecore.Search.Crawlers.DatabaseCrawler.AddTree(Item root, IndexUpdateContext context)
   at Sitecore.Search.Crawlers.DatabaseCrawler.AddTree(Item root, IndexUpdateContext context)
   at Sitecore.Search.Index.Rebuild()
   at Sitecore.Shell.Applications.Search.RebuildSearchIndex.RebuildSearchIndexForm.Builder.Build()|Job ended: RebuildSearchIndex (units processed: 5802)

Reason :

Quote : Sitecore Support 

When an item name length exceeds 128 characters this issue occurs. You can use the following SQL script in order to perform the check of your Core, Master databases:

SELECT [ID]
      ,[Name]
      ,[TemplateID]
      ,[MasterID]
      ,[ParentID]
      ,[Created]
      ,[Updated]
  FROM [dbo].[Items]
  WHERE LEN([NAME]) > 120  

Temporarily Fix :

Rename the items with name length greater than 120 characters to within 120 characters