Ok thanks ChuckS. Regarding the first question, I do see options for html and direct link but not for BBcode.
2nd question, (thanks its solved too)
I have another little problem too. I am so sorry I keep asking but I tried a lot to see if i could figure it out myself or by searching the forums, but it did not help.
My Photopost is located at: http://pakstop.com/pictures/
OK the problem is that when i make a parent top category, and then subcategories, then i do not see it in this pattern:
Content visible to verified customers only.
Like on my photpost i made a top category called "Pakistani Music Concerts" and inside that I have like 20 subcats now. But the problem is that the "Pakistani Music Concerts" is showing under top "cateogry" break. Where as i want it to display with a break and show cateogry with background color just like it the one in the pic i have posted (like PhotoPost community, is on a new line just like that)