What's the vim way to select multiple instances of current word and change them?

Question

Anyone familiar with Sublime Text\'s multiple cursor feature will recognize the pattern of doing the following: press a hotkey multiple times to select multiple instances of the

Answer 1

While waiting for other answers, I'm going to post what I'm experimenting with while waiting for vim experts to answer:

:.,$s//foobar/gc

to substitute (the s) from the current line (the .) to the last line ($) (with the comma denoting the line range), using the combo to copy the current word into the command, then using gc to change with confirmation, so I can hit yes/no for each instance then quit when I've done enough.