Hyperlinks in TAdvMemo

How can I insert a hyperlink in an advmemo.  What I want to do is type in text such as "click here" and  have it be a link when the user clicks on it.  

This isn't possible in TAdvMemo. TAdvMemo will underline a hyperlink automatically when there is a protocol specifier found in the text like http:// , ftp://  etc....
If you want just any text to be a hyperlink, I would recommend to use TAdvRichEditor which is designed for this purpose.