What does it mean: “All basic shapes must be editable”
I think this means that shapes such as rectangles and ellipses should remain ‘shapes’ and should not be rasterized.
I’ve never submitted a PSD before but to me it sounds like they are talking about this.
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Format your entry with some basic HTML. Read the Full Details, or here is a refresher:
<strong></strong> to make things bold
<em></em> to emphasize
<ul><li> or <ol><li> to make lists
<h3> or <h4> to make headings
<pre></pre> for code blocks
<code></code> for a few words of code
<a></a> for links
<img> to paste in an image (it'll need to be hosted somewhere else though)
<blockquote></blockquote> to quote somebody
Complete List of Smiley Codes