Pseudo files for temporary data

I often want to feed relatively short string data (could be several lines though) to commandline programs which accept only input from files (e.g. wdiff) in a repeated fashion. Sure I can create one or more temporary files, save the string there and run the command with the file name as parameter. But it looks to me as if this procedure would be highly inefficient if data is actually written to the disk and also it could harm the disk more than necessary if I repeat this procedure many times, e.g. if I want to feed single lines of long text files to wdiff. Is there a recommended way to circumvent this, say by using pseudo files such as pipes to store the data temporarily without actually writing it to the disk (or writing it only if it exceeds a critical length). Note that wdiff takes two arguments and, as far as I understand it will not be possible to feed the data doing something like wdiff <"text".

Grep in couple thousands files

I have directory with cca 26 000 files and I need to grep in all these files. Problem is, that I need it as fast as possible, so it’s not ideal to make script where grep will take name of one file from find command and write matches to file. Before “arguments list too long” issue it took cca 2 minutes to grep in all this files.
Any ideas how to do it?
edit: there is a script that is making new files all the time, so it’s not possible to put all files to different dirs.