Index: lib/liquid/translator.rb
===================================================================
--- lib/liquid/translator.rb	(revision 0)
+++ lib/liquid/translator.rb	(revision 0)
@@ -0,0 +1,19 @@
+module Liquid
+  
+  class Translator    
+    attr_accessor :variable
+    
+    def initialize(variable)
+      @variable = variable
+    end
+    
+    def render(context)
+      result = @variable.render(context)
+      _(result) rescue result
+    end
+
+    def method_missing(name, *args, &block)
+      @variable.__send__(name, *args, &block)
+    end
+  end
+end
Index: lib/liquid/block.rb
===================================================================
--- lib/liquid/block.rb	(revision 147)
+++ lib/liquid/block.rb	(working copy)
@@ -30,6 +30,9 @@
           else
             raise SyntaxError, "Tag '#{token}' was not properly terminated with regexp: #{TagEnd.inspect} "
           end
+        when /^#{TranslatedStart}/
+          raise SyntaxError.new("Variable '#{token}' was not properly terminated with regexp: #{TranslatedEnd.inspect} ") unless token[TranslatedEnd] =~ TranslatedEnd
+          @nodelist << Translator.new(create_variable("{{" + token[2..-3] + "}}"))
         when /^#{VariableStart}/
           @nodelist << create_variable(token)
         when ''
Index: lib/liquid.rb
===================================================================
--- lib/liquid.rb	(revision 147)
+++ lib/liquid.rb	(working copy)
@@ -32,9 +32,11 @@
   VariableSegment             = /[\w\-]\??/
   VariableStart               = /\{\{/
   VariableEnd                 = /\}\}/
+  TranslatedStart             = /\{\|/
+  TranslatedEnd               = /\|\}/
   QuotedFragment              = /"[^"]+"|'[^']+'|[^\s,|]+/
   TagAttributes               = /(\w+)\s*\:\s*(#{QuotedFragment})/
-  TemplateParser              = /(#{TagStart}.*?#{TagEnd}|#{VariableStart}.*?#{VariableEnd})/
+  TemplateParser              = /(#{TagStart}.*?#{TagEnd}|#{VariableStart}.*?#{VariableEnd}|#{TranslatedStart}.*?#{TranslatedEnd})/
   VariableParser              = /(?=\[)#{VariableSegment}+(?=\])|#{VariableSegment}+/
 end