Disable text "rollups"?

IDEA does this thing where it hides text by replacing it with something shorter. Here is an example:

log4j.appender.filer.File=${user.home}/logs/app.log

gets replaced with:

log4j.appender.filer.File=.../logs/app.log

this:

ArrayList<String> response = new ArrayList<String>();
gets replaced with:

ArrayList<String> response = new ArrayList<~>();

In some cases, the replacement is much more extensive.  Sometimes the replacement actually creeps into the code itself, breaking it.

I absolutely despise this "feature". Unfortunately, I have no idea what it is called, so of course I can't find it in the online help.

How do I disable this foolishness?