LSB cannot help you if you want to hide text (or any data) in text, it can be applicable to images, or, at least, to something with relatively big "words" each carrying relatively small piece of information, like in case of pixels. If you try to do anything like that with text, it will be dramatically mangled. I hope it looks obvious.
Some approaches are explained here:
http://en.wikipedia.org/wiki/Steganography#Digital_Text[
^].
—SA