Symptoms
When trying to add a link --a href="Link to Item"--Click here--/a-- the wizard delivers the hyperlink as the tags:
[YOUR FORM URL]
Diagnoses
The 'Link to Item' object from the context browser is already HTML and as such does not play nicely with the href=.
Resolution
The 'Link to Item' object should be used as a stand alone. If one wants to use HTML in an email body it would be most prudent to not include nontext objects from the context browser.