Okay: from what I can tell, a random alphanumeric string of 72 characters or more in length beginning with http:// will result in a blank post. If it does not begin with http://, it does not get blanked, regardless of length.
ETA: Been testing to reproduce on this thread in the
broken mirror of the site, since just modifying a post over and over seems to be really buggy and unreliable. In fact, the whole thing is not as consistently reproducible as I would like. So far:
Long strings beginning with these do NOT result in a blank post: http, a:, a://, asdf://, hsdf://, ftp:/
Long strings beginning with these DO result in a blank post: http://, https://, ftp://, http:/, http:, ftp: