In the chat, if you mention someone, have at least one message in between, and then have someone (or yourself) reply to the message with the mention, the reply will show something like <a class="mention" href="/u/firepup650">@Firepup650</a> instead of the mention. Including < and/or > in your message will become < and >. This seems to be a recent change, and seems a bit unintentional, because if your message is just a mention, it works fine, but any other text in the message will cause it to become HTML in replies.