Is there a way to pass arguments via pipe on bash?

The following works in Ubuntu:

echo -e value1\\nvalue2|echo mkdir -p ./`line`/`line`

I can't guarantee that all bash implementations will read the lines in left-to-right order.

Alternatively:

echo value1 value2|( read p1 p2; echo mkdir -p ./$p1/$p2 )

This will work with all bash implementations, but it will need elaboration if either value contains any blanks.

(I have used echo mkdir to show the effect.)

How about

echo v1 v2 | awk '{print "./"$1"/"$2}' | xargs mkdir -p

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