When using a substitution variable to represent a schema (or user) object in a query, TOAD 9.0.1 throws the error "ORA-00942: table or view does not exist" even when "Prompt for substitution variable" is checked.
For example, TOAD Editor in 9.0.1 will not accept the follow code.
SELECT * FROM &X.Table_Name;
SELECT * FROM &&X.Table_Name;
&X and &&X represent some schema.