Click the Add link in Google docs or wikipedia, and paste the link or the title. Automatically the title or a list of links (websearch result) is shown. OK it, and you have both the title and link in your text.
A bit similar to what happens today in Facebook, but this is for documents or text fields. and will work with any online text input. - (to be followed by the offline editors ADD HYPERLINK interface)-- pashute, Aug 07 2012random, halfbakery