A few simple examples:

library(knitr)
knit_expand(text = 'The value of pi is {{pi}}.')
## [1] "The value of pi is 3.14159265358979."
knit_expand(text = 'The value of a is {{a}}, so a + 1 is {{a+1}}.', a = rnorm(1))
## [1] "The value of a is -1.40004351672175, so a + 1 is -0.400043516721755."
knit_expand(text = 'The area of a circle with radius {{r}} is {{pi*r^2}}', r = 5)
## [1] "The area of a circle with radius 5 is 78.5398163397448"

Any number of variables:

knit_expand(text = 'a is {{a}} and b is {{b}}, with my own pi being {{pi}} instead of {{base::pi}}', a=1, b=2, pi=3)
## [1] "a is 1 and b is 2, with my own pi being 3 instead of 3.14159265358979"

Custom delimiter <% %>:

knit_expand(text = 'I do not like curly braces, so use % with <> instead: a is <% a %>.', a = 8, delim = c("<%", "%>"))
## [1] "I do not like curly braces, so use % with <> instead: a is 8."

The pyexpander delimiter:

knit_expand(text = 'hello $(LETTERS[24]) and $(pi)!', delim = c("$(", ")"))
## [1] "hello X and 3.14159265358979!"

Arbitrary R code:

knit_expand(text = 'you cannot see the value of x {{x=rnorm(1)}}but it is indeed created: x = {{x}}')
## [1] "you cannot see the value of x but it is indeed created: x = 0.25531705484526"
res = knit_expand(text = c(' x | x^2', '{{x=1:5;paste(sprintf("%2d | %3d", x, x^2), collapse = "\n")}}'))
cat(res)
##  x | x^2
##  1 |   1
##  2 |   4
##  3 |   9
##  4 |  16
##  5 |  25

The m4 example: https://en.wikipedia.org/wiki/M4_(computer_language)

res = knit_expand(text = c('{{i=0;h2=function(x){i<<-i+1;sprintf("<h2>%d. %s</h2>", i, x)} }}<html>',
'{{h2("First Section")}}', '{{h2("Second Section")}}', '{{h2("Conclusion")}}', '</html>'))
cat(res)
## <html>
## <h2>1. First Section</h2>
## <h2>2. Second Section</h2>
## <h2>3. Conclusion</h2>
## </html>

Build regression models based on a template; loop through some variables in mtcars:

src = lapply(names(mtcars)[2:5], function(i) {
knit_expand(text=c("# Regression on {{i}}", '```{r lm-{{i}}}', 'lm(mpg~{{i}}, data=mtcars)', '```', ''))
})
# knit the source
litedown::fuse(unlist(src), 'markdown')
# Regression on cyl
```{.r}
lm(mpg~cyl, data=mtcars)
```

```
#> 
#> Call:
#> lm(formula = mpg ~ cyl, data = mtcars)
#> 
#> Coefficients:
#> (Intercept)          cyl  
#>      37.885       -2.876  
#> 
```

# Regression on disp
``` {.r}
lm(mpg~disp, data=mtcars)
```

```
#> 
#> Call:
#> lm(formula = mpg ~ disp, data = mtcars)
#> 
#> Coefficients:
#> (Intercept)         disp  
#>    29.59985     -0.04122  
#> 
```

# Regression on hp
``` {.r}
lm(mpg~hp, data=mtcars)
```

```
#> 
#> Call:
#> lm(formula = mpg ~ hp, data = mtcars)
#> 
#> Coefficients:
#> (Intercept)           hp  
#>    30.09886     -0.06823  
#> 
```

# Regression on drat
``` {.r}
lm(mpg~drat, data=mtcars)
```

```
#> 
#> Call:
#> lm(formula = mpg ~ drat, data = mtcars)
#> 
#> Coefficients:
#> (Intercept)         drat  
#>      -7.525        7.678  
#> 
```