First of all, even in the example you just gave, that's less efficient than Farlap because it requires typing in more than just the search term. It is doing the same thing, except objectively worse.
Secondly, what would I enter into Vim to have it search for this:
[04:05 pm] Wormer -- Azrael, tell me what search and replace do you want to do and I'll tell you how to do it in Vim =)
[03:58 pm] Tuxlar -- wait WTF now i can view certain peoples streams but not others?
[03:57 pm] Tuxlar -- now its the opposite
[03:57 pm] Azrael -- The only reason I used text editors really is for large-scale find and replace, which Vim does as badly as Notepad++.
[03:56 pm] Tuxlar -- which is odd because yesterday it was only the chats i had problems with
[03:55 pm] Tuxlar -- its not merely lagging anymore, the feed outright stops
[03:55 pm] Tuxlar -- i cant watch twitch at all now for some reason
[03:54 pm] Azrael -- It felt like Notepad++

[03:52 pm] Tuxlar --
https://www.youtube.com/watch?v=WT5K9wIuQP4 suddenly, i want to dabble in rom hacks again
[03:50 pm] Wormer -- What didn't you like?
[03:50 pm] Wormer -- lol
[03:49 pm] Azrael -- Pfft bad, I'm uninstalling ;o
[03:45 pm] Wormer -- Hi, Azrael! How's your vimming experience? =)
[03:24 pm] Azrael -- I'm watching.
[03:22 pm] jjf28 -- sweet, found a way to hack the start-game countdown timer to 0

[03:19 pm] TiKels --
http://www.twitch.tv/TiKels http://www.twitch.tv/TiKels http://www.twitch.tv/TiKels[03:19 pm] TiKels -- a-go
[03:19 pm] TiKels -- steam is ago
[03:16 pm] TiKels --
http://www.twitch.tv/tikels/ in a few moments...
[03:13 pm] TiKels -- stream incomingb
[03:05 pm] Wing Zero -- But the archer better be out by the time I do!
[03:04 pm] Wing Zero -- Ill be out in like an hour or two.
[03:03 pm] Wing Zero -- Im at work lol
[03:01 pm] Jack[RCDF -- Wing, TS2 gogo
[03:01 pm] Tuxlar -- </randomthought>
[03:00 pm] Tuxlar -- *enables
[03:00 pm] Tuxlar -- plus it makes the internet look bad, which enabled justification of cracking down on it
[03:00 pm] Tuxlar -- its like a playground for the CIA to do whatever they want
[02:59 pm] Tuxlar -- government fucking loves anonymous
[02:56 pm] TiKels -- alright I'll consider streaming in about 20 actual minutes
[02:55 pm] TiKels -- haha touche
[02:04 pm] Azrael -- Stream from a laptop, obviously.
[02:02 pm] TiKels -- i'm in class
[01:59 pm] TF- -- Shart Mode
[01:53 pm] Azrael -- Neither TiKels nor Oh Man are streaming.
And replace it with this:
Clark Adams (1969–2007): Prominent American freethought leader and activist.[1]
Jessica Ahlquist A Rhode Island teenager won a court battle to have a prayer banner removed from Cranston High School West and has that received a $40,000-plus scholarship from those who supported her efforts.
Ayaan Hirsi Ali (born 1969): Dutch feminist and politician.[2][3]
Natalie Angier (born 1958): Nonfiction writer and science journalist for The New York Times; 1991 winner of Pulitzer Prize for Beat Reporting.[4]
Dan Barker (born 1949): American atheist activist, current co-president of the Freedom From Religion Foundation, alongside his wife, Annie Laurie Gaylor.[5]
Walter Block (born 1941): Austrian School economist and neoliberal[6]
Peter Brearey (1939–1998): British secularist, socialist and journalist, Editor of The Freethinker from 1993 until his death.[7]
William Montgomery Brown (1855–1937): Episcopal bishop and Communist author.[8]
Even though there is some convoluted way for "advanced" text editors to do this, it is grossly inefficient compared to Farlap, with which you simply paste each block of text directly into the program and it does it automatically.
Furthermore, Farlap goes a step further, and uses a second box for the text output, preserving the original text in case you want to make different changes to it, or your replacement goes badly, which can be incredibly helpful when dealing with complex regular expression.
Even more, it tells you how many replacements were made during the process, another very useful piece of information.
Regardless of how much you may like some program for general text editing, it can't hold a candle to Farlap for finding and replacing text.