Chaining numerous invocations of the same anonymous JavaScript function

gistfile1.js

// Please let me know if one approach is better than the other

(function(arg) {
    alert(arg);
    
    return arguments.callee;
}('foo')('bar')('baz'));

(function f(arg) {
    alert(arg);
    
    return f;
}('foo')('bar')('baz'));