WYSIWYG 
Acronym for: What You See Is What You Get

The vBulletin WYSIWYG editor is one that allows a user that creates a new post to see what the end result will look like while the post is being created. This is in contrast to editing a post in the vBulletin standard editor which requires you to understand BB Code tags like [b] for bold and [u] for underline.
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