Yeah I just realized that I didn't take into account the $iif actually being inside an if statement so that whatever $iif returns, it will always be $v1. Thanks for pointing it out.
Either way, it still made the word You the target because $v1 is empty for whatever reason as you said.
~ Edit ~
$ifmatch is still valid in new versions isn't it? It's still in the help file anyway and still works as it always has. I suggested it before realizing my mistake thinking it would return the correct match from $iif whichever it was. In this case though I guess $ifmatch would return $true from the if statement rather than returning a nick. 
