Hi Alexander,
I removed it from the Html module because it was poorly implemented. At some point I may make a more advanced html module.
For now the closest thing is the blog. You can display Excerpts in the module control with links to the posts/articles. This is much better than the html multi items feature ever was because articles/posts have a friendly url.
You could also consume the blog feed in the Feed Manager and use excerpts there.
Hope it helps,
Joe