In this article we will show you how you can display link description below your links in your template. This tutorial was requested via our twitter profile.
Update: Please note that Link Manager was sort of removed in WordPress 3.5. We recommend that you use WordPress menus because they are much more flexible. See details in this article.
First locate the following code in your sidebar.php:
<?php wp_list_bookmarks(); ?>
Then replace it to the one below:
<?php wp_list_bookmarks('show_description=1&between=<br />'); ?>
This will allow you to display link description below each blogroll link. Now this can also be done through your Widgets in the wp-admin panel if your theme is widget enabled.
As you can see in the image there is an option for link description. Just check it, and it will be displayed.