sed
sed [-i] 's/old/new/' <file>
Risk: Careful
What it does
Changes text on its way through. With -i it edits the file itself.
When to use it
To fix one word in a settings file. Test before you restart.
Example
$ sudo sed -i 's/lisen/listen/' /etc/nginx/sites-available/defaultFix a typo in nginx's site file.
Learn it in: The service that won't start · Official docs