It is shown that the Euler hydrodynamics for vortical flows of an ideal fluid coincides with the equations of motion of a charged compressible fluid moving due to a self-consistent electromagnetic field. Transition to the Lagrangian description in a new hydrodynamics is equivalent for the original Euler equations to the mixed Lagrangian-Eulerian description -the vortex line representation (VLR) [2]. Due to compressibility of a "new" fluid the collapse of vortex lines can happen as the result of breaking (or overturning) of vortex lines. It is found that the Navier-Stokes equation in the vortex line representation can be reduced to the equation of the diffusive type for the Cauchy invariant with the diffusion tensor given by the metric of the VLR.PACS: 47.15.Ki, 47.32.Cc 1. Collapse as a process of a singularity formation in a finite time from the initially smooth distribution plays the very important role being considered as one of the most effective mechanisms of the energy dissipation. For hydrodynamics of incompressible fluids collapse must play also a very essential role. It is well known that appearance of singularity in gasodynamics, i.e., in compressible hydrodynamics, is connected with the phenomenon of breaking that is the physical mechanism leading to emergence of shocks. From the point of view of the classical catastrophe theory [3] this process is nothing more than the formation of folds. It is completely characterized by the mapping corresponding to transition from the Eulerian description to the Lagrangian one. Vanishing the Jacobian J of this mapping means emergence of a singularity for spatial derivatives of velocity and density of a gas. In the incompressible case breaking as intersection of trajectories of Lagrangian particles is absent because the Jacobian of the corresponding mapping is fixed, in the simplest case equal to unity. By this reason, it would seem that there were no any reasons for existence of such phenomenon at all. In spite of this fact, as it was shown in [4,5,6], breaking, however, is possible in this case also. It can happen with vortex lines. Unlike the breaking in gasodynamics, the breaking of 1