String replacement in java, similar to a velocity template

Question

Is there any String replacement mechanism in Java, where I can pass objects with a text, and it replaces the string as it occurs.
For example, the text is :

Answer 1

There are a couple of Expression Language implementations out there that does this for you, could be preferable to using your own implementation as or if your requirments grow, see for example JUEL and MVEL

I like and have successfully used MVEL in at least one project.

Also see the Stackflow post JSTL/JSP EL (Expression Language) in a non JSP (standalone) context