Current situation:
Variables support no text formatting at all.
Snippets support formatting but always put <p> tags around their content.
Problem:
If I want to have re-usable content that appears both inline and has formatting, I can't. Even removing the <p> tags from a snippet using the code editor does not work as they get automatically added back in the second I click save.
Solutions:
1) Allow formatting of variables including bold, italics, code, and URLs
2) Stop adding <p> tags to snippets when the user explicitly removes them.