Need help with hyperlink

I tried to figure this out on my own, no luck. I copy a link from somewhere on Mises, and paste it in my reply. How do I get rid of the long link and replace it with a word or phrase of my choice, like everyone here does all the time?

just text: http:someplace.com

the text again, but i highlight it &click on the paperclip icon in the format toolbar, a window pops up &I type the address into the link box : http:someplace.com

could you run through that again, please?

test

retest

YES!

Thank you.