diff --git a/wp-includes/js/tinymce/plugins/wplink/plugin.js b/wp-includes/js/tinymce/plugins/wplink/plugin.js
index 48628005c8..f4b2747ac5 100644
--- a/wp-includes/js/tinymce/plugins/wplink/plugin.js
+++ b/wp-includes/js/tinymce/plugins/wplink/plugin.js
@@ -24,7 +24,7 @@ tinymce.PluginManager.add( 'wplink', function( editor ) {
 
 	editor.addMenuItem( 'link', {
 		icon: 'link',
-		text: 'Insert link',
+		text: 'Insert/edit link',
 		cmd: 'WP_Link',
 		stateSelector: 'a[href]',
 		context: 'insert',
diff --git a/wp-includes/js/tinymce/plugins/wplink/plugin.min.js b/wp-includes/js/tinymce/plugins/wplink/plugin.min.js
index e36fc035fe..35868b9d52 100644
--- a/wp-includes/js/tinymce/plugins/wplink/plugin.min.js
+++ b/wp-includes/js/tinymce/plugins/wplink/plugin.min.js
@@ -1 +1 @@
-tinymce.PluginManager.add("wplink",function(a){a.addCommand("WP_Link",function(){window.wpLink&&window.wpLink.open(a.id)}),a.addShortcut("Alt+Shift+A","","WP_Link"),a.addShortcut("Meta+K","","WP_Link"),a.addButton("link",{icon:"link",tooltip:"Insert/edit link",cmd:"WP_Link",stateSelector:"a[href]"}),a.addButton("unlink",{icon:"unlink",tooltip:"Remove link",cmd:"unlink"}),a.addMenuItem("link",{icon:"link",text:"Insert link",cmd:"WP_Link",stateSelector:"a[href]",context:"insert",prependToContext:!0}),a.on("pastepreprocess",function(b){var c=b.content;a.selection.isCollapsed()||(c=c.replace(/<[^>]+>/g,""),c=tinymce.trim(c),/^(?:https?:)?\/\/\S+$/i.test(c)&&(a.execCommand("mceInsertLink",!1,{href:a.dom.decode(c)}),b.preventDefault()))})});
\ No newline at end of file
+tinymce.PluginManager.add("wplink",function(a){a.addCommand("WP_Link",function(){window.wpLink&&window.wpLink.open(a.id)}),a.addShortcut("Alt+Shift+A","","WP_Link"),a.addShortcut("Meta+K","","WP_Link"),a.addButton("link",{icon:"link",tooltip:"Insert/edit link",cmd:"WP_Link",stateSelector:"a[href]"}),a.addButton("unlink",{icon:"unlink",tooltip:"Remove link",cmd:"unlink"}),a.addMenuItem("link",{icon:"link",text:"Insert/edit link",cmd:"WP_Link",stateSelector:"a[href]",context:"insert",prependToContext:!0}),a.on("pastepreprocess",function(b){var c=b.content;a.selection.isCollapsed()||(c=c.replace(/<[^>]+>/g,""),c=tinymce.trim(c),/^(?:https?:)?\/\/\S+$/i.test(c)&&(a.execCommand("mceInsertLink",!1,{href:a.dom.decode(c)}),b.preventDefault()))})});
\ No newline at end of file
diff --git a/wp-includes/js/tinymce/wp-mce-help.php b/wp-includes/js/tinymce/wp-mce-help.php
index 9f7e8d3fab..53d649e281 100644
--- a/wp-includes/js/tinymce/wp-mce-help.php
+++ b/wp-includes/js/tinymce/wp-mce-help.php
@@ -117,7 +117,7 @@ header('Content-Type: text/html; charset=' . get_bloginfo('charset'));
 		<tr><th>n</th><td><?php _e('Check Spelling'); ?></td><th>l</th><td><?php _e('Align Left'); ?></td></tr>
 		<tr><th>j</th><td><?php _e('Justify Text'); ?></td><th>c</th><td><?php _e('Align Center'); ?></td></tr>
 		<tr><th>d</th><td><span style="text-decoration: line-through;"><?php _e('Strikethrough'); ?></span></td><th>r</th><td><?php _e('Align Right'); ?></td></tr>
-		<tr><th>u</th><td><strong>&bull;</strong> <?php _e('List'); ?></td><th>a</th><td><?php _e('Insert link'); ?></td></tr>
+		<tr><th>u</th><td><strong>&bull;</strong> <?php _e('List'); ?></td><th>a</th><td><?php _e('Insert/edit link'); ?></td></tr>
 		<tr><th>o</th><td>1. <?php _e('List'); ?></td><th>s</th><td><?php _e('Remove link'); ?></td></tr>
 		<tr><th>q</th><td><?php _e('Quote'); ?></td><th>m</th><td><?php _e('Insert Image'); ?></td></tr>
 		<tr><th>w</th><td><?php _e('Distraction-free writing mode'); ?></td><th>t</th><td><?php _e('Insert More Tag'); ?></td></tr>
diff --git a/wp-includes/js/tinymce/wp-tinymce.js.gz b/wp-includes/js/tinymce/wp-tinymce.js.gz
index dad4db51a8..9b9f08e716 100644
Binary files a/wp-includes/js/tinymce/wp-tinymce.js.gz and b/wp-includes/js/tinymce/wp-tinymce.js.gz differ
diff --git a/wp-includes/version.php b/wp-includes/version.php
index 6e7dcfc9e4..3211ebecfe 100644
--- a/wp-includes/version.php
+++ b/wp-includes/version.php
@@ -4,7 +4,7 @@
  *
  * @global string $wp_version
  */
-$wp_version = '4.2-beta4-32077';
+$wp_version = '4.2-beta4-32078';
 
 /**
  * Holds the WordPress DB revision, increments when changes are made to the WordPress DB schema.