The Preferences dialog lets you specify the location of the Local and Remote snippets folders. A Local folder must be provided; the Remote folder can be empty if not in use. The location for both folders must specify a full path with a drive letter, it cannot reference a Windows UNC path. Paths must use a forward slash as the directory delimiter.
The Snippet Wrap String value is a unique string that is inserted into a snippet to identify the location where the snippet will wrap around selected content. It is important that the characters of this string should not match a sequence of characters that would be found in a snippet not intended to wrap selected content. For additional information, see the discussion of wrapping snippets in Save Snippet.