diff -ur v2/ezmd.py v3/ezmd.py
--- v2/ezmd.py	2019-09-23 04:47:56.000000000 +0900
+++ v3/ezmd.py	2019-09-24 00:19:15.000000000 +0900
@@ -5,8 +5,7 @@
 import nkf
 
 heads = [ 'h1', 'h2', 'h3', 'h4', 'h5', 'h6', 'h7', 'h8', 'h9' ]
-end = '$$$_end_$$$'
-modes = heads + [ 'p', 'pre', end ]
+modes = heads + [ 'p', 'pre', 'ul' ]
 
 def is_mode_switch(s, mode):
 	if mode == 'pre':
@@ -15,6 +14,68 @@
 
 next_mode = lambda s: 'p' if s == '/' else s
 
+def strip_head(s):
+	while s and s[0] in (' ', '\t'):
+		s = s[1:]
+	return s
+
+def strip_tail(s):
+	while s and s[-1] in (' ', '\t'):
+		s = s[:-1]
+	return s
+
+def idt_cnt(s):
+	i = 0
+	while s and s[0] in (' ', '\t'):
+		i += 1
+		s = s[1:]
+	return (i, s)
+
+def esc_join(lst):
+	res = []
+	for s in lst:
+		if res and res[-1][-1] == '\\':
+			t = res[-1][:-1]
+			res[-1] = strip_tail(t) + strip_head(s)
+		else:
+			res.append(s)
+	return res
+
+def do_mode_ul(buf, res):
+	buf = esc_join(buf)
+	buf = list( filter( lambda s: s.strip(), buf ) )
+	buf = list( map(idt_cnt, buf) ) # (i, s)
+
+	(stk, lsts) = ( [], [] )
+
+	def push(i, s):
+		lst = [s]
+		( stk[-1][1] if stk else lsts ).append(lst)
+		stk.append( (i, lst) )
+
+	def buf_to_stk_lsts(i_s):
+		(i, s) = i_s
+		if stk:
+			(ci, clst) = stk[-1]
+			if i > ci:
+				push(i, s)
+			elif i < ci:
+				stk.pop()
+				buf_to_stk_lsts(i_s)
+			else: # i == ci
+				clst.append(s)
+		else:
+			push(i, s)
+
+	list( map(buf_to_stk_lsts, buf) ) # make lists
+
+	def lst_to(lst):
+		f = lambda o: lst_to(o) if type(o) == list else {'li /': o}
+		lst = list( map(f, lst) )
+		return { 'ul': lst }
+
+	res.extend( list( map(lst_to, lsts) ) )
+
 def do_mode(mode, buf, res):
 	if mode in heads:
 		buf = list( map( lambda s: s.strip(), buf ) )
@@ -42,12 +103,14 @@
 		if buf:
 			s = '\n'.join(buf) + '\n'
 			res.append( { 'pre': s } )
+	elif mode == 'ul':
+		do_mode_ul(buf, res)
 
 def ezmd(lst):
-	lst = ['p'] + lst + [end]
+	lst = ['p'] + lst
 	(buf, res) = ( [], [] )
 	mode = ''
-	while mode != end:
+	while lst:
 		s = lst.pop(0)
 		if is_mode_switch(s, mode):
 			do_mode(mode, buf, res)
@@ -55,6 +118,7 @@
 			buf = []
 		elif s != mode:
 			buf.append(s)
+	do_mode(mode, buf, res)
 	return res
 
 def yaml_dump(o):