Unfortunately, you'll have to change the name of the function.
What you do here is get a program like HomeSite (comes with DreamWeaver UltraDev) or other application text editor such as WinEdit or NoteTab Pro.
These applications allow you to search and replace all occurances of "$string" throughout a file directory structure.
So you could do an extended find an replace for all occurances of the expression wordwrap and point the program to the local directory that contains all the source files of the target codebase and viola, the function name and all references to that function will be changed and saved.
If you are still opposed to this, then your only other option is to downgrade to PHP 3.