Text formatting helper

I have posted in this idea before, but perhaps it was too confusing so let me try again:

Many of the UI controls now offer the ability to embed special formatting (links, checkboxes, options, etc) right inside the text. It's quite amazing capability.



However, many keep forgetting the syntax after you edit the control. I propose that when entering text, you can have a little combo box for quick access of compatible text formats. Clicking these will insert the corresponding text.



As you can see above, right when your editing your text you have quick access to the formatting that is available for you to use in your UI component.