In html, you can do something like this
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Praesent eget
aliquet odio. Fusce id quam eu augu
I know this is old. But figured I'd post this in case anyone lands here. You can also do this sort of thing in haml (And maybe more what the OP was looking for?).
%p Here is some text I want to #{content_tag(:em, "emphasize!")}, and here the word #{content_tag(:strong, "BOLD")} is in bold. and #{link_to("click here", "url")} for a link.
Useful for those situations where doing it on multiple lines adds spaces you don't want I.E. When you have a link at the end of a sentence, and don't want that stupid space between the link and the period. (or like in the OP's example, there would be a space between the and the comma.
Just don't get carried away like i did in the example :)