split TWO delimited strings into rows but keep the two sets of strings together in each row.

Each record has an identifier, and TWO fields with delimited strings that contain varying numbers (sometimes a single set, could be dozens of sets) of related data:

RecordIDItem_ListItem_Values

RecID1 Item1|Item2|Item3|Item4 Val1|Val2|Val3|Val4

I need to end up with:

RecID1 Item1 Val1

RecID1 Item2 Val2

RecID1 Item3 Val3

RecID1 Item4 Val4

I can easily split out ONE column into multiple rows, but how do I do this with TWO columns, keeping the sets of items together? Thanks for your consideration!