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$data = "The site http://humblebundle.com is awesome, as is http://bitcoin.org !";
print preg_replace("#https?://\S*#","<a href='$0'>$0</a>",$data);
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The site <a href='http://humblebundle.com'>http://humblebundle.com</a> is awesome, as is <a href='http://bitcoin.org'>http://bitcoin.org</a> !
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