in reply to Re: Re: Simple Question for you guys.
in thread converting carriage returns to <br> tags (was: Simple Question for you guys)

pipes are no more efficient as regex delimiters. You have it exactly right on your latter guess though, it's a whole lot more readable than

s/[\r\n]/<br \/>/g;

You've also guessed right about the brackets. It's a way to specify a group of characters to match without specifying what order they appear in.