Based on the comment I'd expect an "add link to bookmarks" entry in the right click context menu, but I don't remember ever seeing it. It makes sense to use the link text in that case though, else the browser would have to access the underlying webpage to fetch the title. Which shouldn't be a problem, but at one point some web apps were broken and did destructive actions on GET requests, and Google Gears tried to optimize the internet by prefetching webpages... which caused some whoopsies.
But, thankfully, web developers and web technology improved since then.
But, thankfully, web developers and web technology improved since then.