How to wrap each new line in textarea with li tags? PHP

Question

I have a textarea form field where users will put URL\'s separated by a new line. Would it be possible to wrap each line from this textarea field with < li > tags?

So

Answer 1

And what about something like this

echo preg_replace('/^(.+)(\s*)$/m', '
$1
', $text);

Output will be anything like this (not nice, but usefull):

dsadsa

dsdsa

dsadsad

dsadsadsad

vcxvxcvxvcxvcx

fdsfdsfdsfs