I cook it in the microwave. For a while I used the wet paper towel method (described above in #11), but then I read that if you cook it UNSHUCKED in the microwave, the leaves peel off very easily afterwards without leaving behind any of those pesky, stringy threads. I was very skeptical about this, but tried it & was amazed -- it works beautifully. For me, 2 min & 45 seconds of cooking is perfect. So much faster than waiting for a pot of water to boil -- not to mention it's nice to avoid boiling a big pot of water in the kitchen on a hot summer day.
Yes, I eat it in rings, rotating the cob, with the fat end on the left. I didn't realize there was any other way! Seems natural because the kernels on the fatter end tend to be a little bigger & plumper so why not eat them all first? -- & by the time you get to the other end, those taste pretty good too!