You mean like the code tags ? Well, the code tags at oxle also refuse to parse forumcode, so no, this is not the code tag. This tag enables you to show people how to use forumcode, without the forumcode being interpreted by the software.<
I've just installed this as wanted to show my members how to use tags, as normally you cannot because the forum changes them to the tags you are trying to demonstrate how to use!
I have to say, it works really well. Just the job.