I just want to see if this works

nope.

[ i m g ] copy and paste image url here [ / i m g]

Remove the spaces between the brackets and letters in the brackets.

[img]<a href="http://www.gifbin.com/982022"><img src="http://gifs.gifbin.com/tn_1232904646_Techno viking.gif" alt="funny gifs" /></a>[/img]

You put the whole <a href> stuff in there. That's HTML. You need just the URL to the GIF in the img tags. If you use Chrome, you can right click the image and hit "Copy Image URL" or "Copy Image Location" in Firefox.

[ img ] http://gifs.gifbin.com/1232904646_Techno viking.gif [ / img ]

[img]http://gifs.gifbin.com/1232904646_Techno viking.gif[/img]

edit: looks like MFP isn't correctly parsing the image file with the %20 in it. If I replace it with a space it works.. Here's a similar image from a different site:

I've tried exactly what you have suggested and it still is NOT working for me.

You're putting in the URL of the HTML page that contains the image. The URL you're putting in also contains all the text and formatting and ads and everything else. You need the URL of the image all by itself.

What browser are you using?

Your link ( http://gifb.in/0ksv ) is bad.