Many people string together find and sed, or perl, or any number of other unix commands to find and replace across multiple files. But, there's a simple command that can do it for you without the hassle?
Edit: The Digital Ninja points out that it's rpl.
However this is not a built in command but, for debian based distros like Ubuntu you can simply install it with sudo apt-get install rpl
I would guess that it's available through most package managers in other *nix OSs. OS X Users can download a binary at http://www.laffeycomputer.com/rpl.html