"Named Link"
This option is best used with highlighted text you want it to surround, just as the other options. When I highlight text to link from:
such as this, [url=http://www.bungie.net]link[/ url] - (space entered for demonstration)
the bb code is generated after my selected text, not around it like the [b]bold[/b] and [u]underline options[/u]. It would be much easier to highlight the text you want, click "named link" and simply paste the URL where it should automatically highlight the URL field.
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DeeJ is a Pegboy.