Hypertext means more than just text with a bunch of links in it
Hypertext is something of a neglected subject these days. Everyone is talking about the Web, but nobody is talking about the class of thing the Web is: a hypertext environment. But to neglect this essential fact about the nature of the Web is to risk getting your approach to the Web seriously wrong.
Perhaps people associate the term hypertext purely with linking. But I would suggest that there is much more to hypertext than links. Hypertext is about the non-linear traversal of information spaces, and while links were the first tool created for this, there are now four key drivers of hypertext: