I made you an example...
http://lifestyleamateurs.com/test.php
this is the php script I am posting to.
Code:
<?php
$galleries = preg_split("/\r?\n|\r/", $_POST['textarea']);
foreach($galleries as $gallery) {
list($url, $description) = explode('|', $gallery);
echo "<a href='{$url}'>{$description}</a><br>\n";
}
?>