Using output of previous commands in bash

Question

In Mathematica, it is possible to reuse the output of the previous command by using %.

Is something similar possible for bash (or some other shell)?

For example,

Answer 1

I'm not sure if the make command sends warnings to stderr but I suspect it does. try this

make 2&>1 |grep 'warning'

it will redirect stderr to stdout.

Should also note that you can't grep anything that's not going to stdout.