Are you talking about parameters? Like maybe your phrase is:
Then somewhere you'd need to register variables to your template for those parameters, like maybe:
PHP Code:
$templater = vB_Template::create('mytemplate');
$templater->register('first_name', $fname);
$templater->register('last_name', $lname);
(or maybe use preRegister() instead). Then in your template:
Code:
{vb:rawphrase phrasevarname, {vb:raw first_name}, {vb:raw last_name}}