Auto Parsing Links in Message
 

Some vB installs in the message box will show you the BBCODE when you Insert a Link and some auto parse the URL and do not show the the BBCODE in the message box. Where is the setting to toggled between the two options?

zombo.com

Also notice the link above. I hit Insert Link, took out the http and typed in zombo.com. Now the link is: http://www.vbulletin.com/forum/zombo.com