First off this hack will only work for IE users.
Secondly I'm quite a bandwidth freak so the JavaScript code looks rather unreadable.
Thirdly, I'm surprised no-one has done this kinda of hack before, seems already popular over at our forums, and its only been there for ~1hr

On with the show...

Okay, in short you know in IM Windows or mIRC where you can press CTRL+B to bolden text, or mark a starting point for the bold and an end point?
well thats how this work

The Shortcuts:
CTRL+B: Bolden
CTRL+I: Italics
CTRL+E: Email
CTRL+M: code (Monospace text)
CTRL+Q: Quote
CTRL+.: Image

CTRL+Enter: Submit (with confirmation)

2 ways of doing it, if there isn't a current selection, then it'll do the left side tag then you type in your text and press it again and it'll close the tag.
Or you highlight a selection of text, and press the combination you want and voila it makes that text the way you want.

It isn't completely perfect but hey, it works (if not abused).

Also I haven't edited the FAQ page for it, but that shouldn't be too hard

You can get the hack from here

Only tested on 6.05

I see no reason for this NOT to work in the later UBBs, but I dont have those to test, so if someone with the later ones wants to give this a shot, and report on it working?
Thanks.

As per usual, if you want to try it out you can go sign up at our forums and give it a whirl (but only if you intend on staying )

EDIT: Should this be in templates? since it is just editing templates?

Slight update

Found a few bugs in the code.

The bugs were because we have some extra ubb code: underline, center, and spoiler.

Center was the one I mentioned when I shouldn't have. Although adding Center and Underline ubb code is like 4 lines of code