Shorten links with bit.ly right in the Chrome address bar

I was busy installing the Google Chrome bit.ly extenstion one day when I noticed an interesting autofill pop up in the address bar.

It said search bit.ly: enter query. All I had to do was type bit.ly <tab> <paste link> <enter>. Chrome takes you right to bit.ly and shows you the shortened URL.

Works great, no addons required! Nice and fast.