language: PHP (php 5.4.4)
date: 639 days 20 hours ago
link:
visibility: public 
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<?php
 
$string = "hey http://www.smykkmybitchup.no/halskjeder/sterling-silver/sterling-silver-halskjede-nr-23.html  !!!";
var_dump(preg_replace("#\w+\.no[\w/.]*#", '<a href="$0">$0</a>', $string));