Web:

Inserts <a href="http://www.example.com"> | </a>
Replaces URL

How to use it: This is similar to the Mail button except that it inserts a link to a web page. When this button is pressed, it also starts the Search / Replace dialog. Once again make sure that the word replace is in the Search For: field, then enter that portion of the URL that follows http:// in the Replace with: field. That is, if the address you wish to link to is http://www.example.com then enter www.example.com into the Replace with: field.  Please see the Replace section for further details.

This button is most useful when used to contain a previously inserted element such as an image. That is, if you have an image on the page that you wish to link to a web-site, first select it and then press the Web button.  The link will be created surrounding the image selected.

Customising:

Presumably you will be using this feature to link to your own site and you know your own URL. If you use this feature a lot you may get annoyed having to use the Replace feature everytime.  Wouldn't it be easier if it just knew your address?  You're right - it would. 

If you wish, you can alter this button to accomplish that.

The code for this option looks like this:  <a href="http://replace"> | </a> [Replace].   To set it to always enter your URL, simply change the http://replace section with your actual address. For example: http://members.tripod.com/servais/.  Also be sure to remove the [Replace] section at the end.

Please see the Customizing section for information on where to actually accomplish this change and how to make it permanent.