It's a feature that allows you to preconfigure quickpaste items which, in essence, allows you to apply a text replacement/cleanup filter/query on text on the fly. You can preconfigure and save them, then use them as simply as hitting ctrl alt q and selecting the one you want from a drop down.
I see, thanks. So it's a bit like Boxer Software's TextMonkey (limited free version, much more powerful payware version), or the freeware Clippy which is primarily aimed at tidying up e-mail, but can do more in the latest beta. But you'd evidently have a hard time matching all AceText's features in a single program, especially at lower cost.

















but the program works well.
but for sure you can email the program author and ask, and request new features, etc. and usually you'll get a quick response.