It is a bug of the version 4.0.1 that you can't save text caption to the project files. We have just fixed it, just download the update version 4.0.2 from http://fantamorph.com/download/update/v ... aMorph.exe and overwrite the old program in the directory C:\Program Files\Abrosoft\FantaMorph4\FantaMorph.exe.
For now, you can't inset a picture into a post directly except you upload it to another site and then insert the URL into the post.
If you want to submit a morph in the forum, please send it to info@fantamorph.com via email.