Formation and breakup of fluid threads is pervasive in nature and technology, where high extensibility of fluid filaments and extended filament lifetimes are commonly observed as a consequence of fluid viscoelasticity. In contrast, threads of low viscous Newtonian fluids like water rupture quickly. Here, we demonstrate that a unique banding instability during filament thinning of model surfactant solutions, with a viscosity close to water and no measurable elasticity, leads to extremely long filament lifetimes and to the formation of remarkably long threads. Complementary measurements in planar extension as well as in shear reveal that this flow instability is characterized by a multivalued stress, arising beyond a critical strain rate, irrespective of flow kinematics. Our work reports the first observation of such phenomena during extensional deformation and provides a unifying view on instabilities in complex flow fields.