<abbr> = abbreviation
<acronym>
<address> (often slightly indented and italic)
<cite> = short citation (typically italic)
<code> = code fragment (typically monospaced)
<dfn> = definition (terms used for first time, typically italic)
<em> = emphasis (typically italic)
<kbd> = keyboard input, i.e., text that should be entered by the user (typically monospaced)
<q> = short quotation
<samp> = sample of text which should be used literally (i.e., text qua text)
<strong> (typically boldface)
<tt> = teletype (monospaced)
<var> = variable
<del> = deleted text
<ins> = inserted text
You are my <del cite="http://www.crap.com/useless.htm" datetime="2004-06-05T10:36:47-07:00">worst enemy</del><ins cite="http://www.kisses.com/treats.htm" datetime="2004-06-05T10:36:56-07:00"> best friend</ins>.
You are my worst
enemy
best friend.
You are my <del cite="http://www.crap.com/useless.htm" datetime="2004-06-05T10:36:47-07:00"><!-- worst enemy --> </del><ins cite="http://www.kisses.com/treats.htm" datetime="2004-06-05T10:36:56-07:00"> best friend</ins>.
You are my
best friend.
<pre> means
preformatted with line breaks and spaces and all, as set in the code. Or, for that matter, lack of line breaks look out for that, as the text can run right off the right edge. It's typically rendered in a monospaced font. It's a <p>-level tag, and you can use most HTML markup inside it, such as italics.