Syntax: %bSET <nickname> PHRASE <password recovery phrase>%b

This changes your current password recovery phrase to 
%b<phrase>%b.  Password recovery phrase is used with
%bRECOVERPASS%b, if you forget your nickname password.

Examples:
         %b/msg %N SET nick PHRASE this is me%b
           Sets your PHRASE to "this is me".
