Snippets in CFEclipse
Set directory in Eclipse: Window > Preferences > CFEclipse > alter File Paths To Snippets Directory
To create a snippet in Eclipse, open Snip Tree View (Window > Show View > Snip Tree View). Click the + icon to add a new snippet. 'Insert' inserts the current snippet into your CF document.
Each snippet comprises one XML file, for example here's a basic CFQUERY for a SELECT:
<code>
<?xml version="1.0" encoding="utf-8"?>
<snippet>
<name>select</name>
<help>select</help>
<starttext><!--[CDATA[
SELECT
FROM
WHERE
</cfquery>]]--></starttext>
<endtext><!--[CDATA[]]--></endtext>
</snippet>
</code>
If you're working in a team environment, you could point everyone's snippet file path to the same network directory in order to share snippets.
PS: remove <code> </code> before pasting in Eclipse