Um, I just noticed something.... you didn't really create a template that only has the word "TEST" in it, did you? It needs to be html compliant. ie:
HTML Code:
$stylevar[htmldoctype]
<html dir="$stylevar[textdirection]" lang="$stylevar[languagecode]">
<head>
<title>$vboptions[bbtitle]</title>
$headinclude
</head>
<body>
$header
$navbar
<table class="tborder" cellpadding="$stylevar[cellpadding]" cellspacing="$stylevar[cellspacing]" border="0" width="100%" align="center">
<tr>
<td class="tcat" colspan="2">Title</td>
</tr>
<tr>
<td class="alt1" colspan="2">Text</td>
</tr>
</table>
$footer
</body>
</html>
Also, as I said, be sure to remove the print_output line.