I use this "z" command every day. For example, let's say you have a list of files and you want to do something to one of them.
find . | grep file_im_looking_for | z
Up pops vim and lets you find the file hilight with the V command and yank it. Then you close vim, paste it on the screen and edit your command to do whatever you want.
And here it is, just add to .bash_alias file or .profile:
alias z="tee /tmp/blah; vim /tmp/blah"