#AWK — 84 78 characters
AWK — 84 78 characters
awk '{printf"The hypotenuse of this right triangle is %.3f\n",($1^2+$2^2)^.5}'
Thanks to Wasi for suggesting ^ operator and removing ()!
e.g.
$ echo 3 4 | awk '{printf"The hypotenuse of this right triangle is %.3f\n",($1^2+$2^2)^.5}'
The hypotenuse of this right triangle is 5.000