Is there any text shortcuts program for windows?

Like the iPhone & BlackBerry feature, like when you type "omw" it automatically extends to "on my way" or typing "il" it automatically expands to "I'll"?
I'm using windows 8 tablet and I really need it here. Any help?

There are several third party applications (FastFox Text Expander Software, Perfect Keyboard) available online that will serve the purpose. Here is a list of few:

Hope this helps.

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