Create a hyperlink within an Excel cell?

Question

Is it possible to create a hyperlink within an Excel cell which only uses a section of the cell text for the clickable link? I.E. would the below table mockup represent som

Answer 1

The above one liner was very helpful... since I'm new, I couldn't comment. So here is my variation of the above that takes each row on a worksheet and builds a URL from a value on the row.

CHGRow = 3
Worksheets("Page 1").Select
Cells(CHGRow, 1).Select

Do Until Application.CountA(ActiveCell.EntireRow) = 0

    URLVal = "https://our_url_here?some_parameter=" & Cells(CHGRow, cNumber)
    URLText = Cells(CHGRow, cNumber)
    ActiveSheet.Hyperlinks.Add Anchor:=Cells(CHGRow, cURL), Address:=URLVal, TextToDisplay:=URLText

    CHGRow = CHGRow + 1
    Cells(CHGRow, 1).Select

Loop