This is one of the more amazing bugs I can recall seeing.
If a page has a plain external link to an image file with no markup, e.g.
http://www.impactwrestling.com/images/stories/galleries/718-title.jpg
Then opening the Visual Editor on that page results in the external link being replaced with an actual fully rendered copy of the image. I haven't the wildest clue why an external link to an image would be translated into HTML markup that displays that image, but that seems to be what is happening.
I tried a few more dangerous file types (e.g. js, css, pdf) and those do not appear to be rendered / included, so apparently it is something specific about external links to image file types.
Version: unspecified
Severity: normal
URL: http://parsoid.wmflabs.org/en/User:Thryduulf/sandbox2?oldid=563640804