1. A system for managing chat histories of online discussions comprising: a computer terminal including software, the software, when executed, causes the system to: generate a transcript of an electronic discussion between at least two participants; selectively save the transcript on the computer terminal of one of the at least two participants, the computer terminal of the one of the at least two participants upon which the transcript, is saved establishes a local computer terminal and the computer terminal of the other of the at least two participants establishes a remote computer terminal; prompt the at least one participant saving the transcript to provide a tag; the tag being designated as either a public tag or a private tag by the participant, the public tag being associated with, the local computer terminal and the remote computer terminal, and the private tag being associated with only the local computer terminal; and incorporate the tag into the transcript.