This is a quote.
It can also handle quotes-within-quotes. Cogito ergo sum, wrote Descartes.
Cogito ergo sum,
pre to indicate quotes.
For what it's worth, I pretty much always combine italics and blockquoting when I am quoting someone else's text.
Except when I don't. Damn.
* wierdo is a tomata! *squish* *squish*
/me is a tomata *squish* *squish*