diff --git a/margin-notes/Makefile b/margin-notes/Makefile
index 67fcc04..f808fac 100644
--- a/margin-notes/Makefile
+++ b/margin-notes/Makefile
@@ -15,9 +15,9 @@ test-internal: margin-notes.lua test/test-functions.lua
 	@echo -e '==========================\nAll internal tests passed.\n==========================\n'
 	rm --interactive=never test/tmp.lua
 
-test: margin-notes.lua test/test.md
-	pandoc -t native -L margin-notes.lua test/test.md > test/tmp.native
-	diff test/tmp.native test/test.native
+test: margin-notes.lua sample.md
+	pandoc -t native -L margin-notes.lua sample.md > test/tmp.native
+	diff test/tmp.native test/sample.native
 	@echo -e '\n===============\ntest passed.\n===============\n'
 	rm test/tmp.native
 
diff --git a/margin-notes/margin-notes.lua b/margin-notes/margin-notes.lua
index c7b639e..a880218 100644
--- a/margin-notes/margin-notes.lua
+++ b/margin-notes/margin-notes.lua
@@ -419,23 +419,35 @@ end
 
 local function template_to_function(template)
   --[[
-    inlines_with_placeholders cannot be memoized
-    for it is a reference to a table that will be changed
-    by replace_placeholders.
-    paths_to_placeholders can be memoized
-    because it is only traversed once it has been created.
+    Returns a function that takes data and inserts it
+    into the given template.
+  ]]--
+  --[[
+    – inlines_with_placeholders and paths_to_placeholders
+      are created and memoized the first time the returned
+      function is called.
+    – inlines_with_placeholders cannot be used directly
+      for it is a reference to a table that would be changed
+      by replace_placeholders. That's why we create a deep
+      copy of it via the walk function at every call.
+    – paths_to_placeholders can be used directly by
+      replace_placeholders because it is only traversed.
   ]]--
   if template then
     local paths_to_placeholders
+    local inlines_with_placeholders
     return
       function(instance_content, instance_attr)
-        local inlines_with_placeholders = template_to_pandoc_fragment(template)
+        if not inlines_with_placeholders then
+          inlines_with_placeholders = template_to_pandoc_fragment(template)
+        end
+        local inlines_copy = inlines_with_placeholders:walk({})
         if not paths_to_placeholders then
           paths_to_placeholders =
             get_paths_to_placeholders(inlines_with_placeholders)
         end
         return replace_placeholders(
-          inlines_with_placeholders, paths_to_placeholders,
+          inlines_copy, paths_to_placeholders,
           instance_content, instance_attr)
       end
   end
diff --git a/margin-notes/test/sample.native b/margin-notes/test/sample.native
new file mode 100644
index 0000000..712299d
--- /dev/null
+++ b/margin-notes/test/sample.native
@@ -0,0 +1,120 @@
+[ Para
+    [ Span ( "" , [ "warning" ] , [] ) []
+    , Strong [ Str "Important!" ]
+    , Str "You"
+    , Space
+    , Str "can"
+    , Space
+    , Str "use"
+    , Space
+    , Str "LaTeX"
+    , Space
+    , Str "to"
+    , Space
+    , Str "include"
+    , SoftBreak
+    , Span
+        ( ""
+        , [ "term" ]
+        , [ ( "lem" , "BibTeX" )
+          , ( "def"
+            , "A program designed to format bibliographical entries"
+            )
+          ]
+        )
+        [ Strong [ Str "BibTeX" ] ]
+    , Str "BibTeX:"
+    , Space
+    , Emph
+        [ Str "A"
+        , Space
+        , Str "program"
+        , Space
+        , Str "designed"
+        , Space
+        , Str "to"
+        , Space
+        , Str "format"
+        , Space
+        , Str "bibliographical"
+        , Space
+        , Str "entries"
+        ]
+    , Space
+    , Str "citations."
+    , Space
+    , Str "Note"
+    , Space
+    , Str "that"
+    , Space
+    , Str "in"
+    , Space
+    , Str "LaTeX"
+    , Space
+    , Str "environments,"
+    , SoftBreak
+    , Str "the"
+    , Space
+    , Str "material"
+    , Space
+    , Str "between"
+    , Space
+    , Str "the"
+    , Space
+    , Str "begin"
+    , Space
+    , Str "and"
+    , Space
+    , Str "end"
+    , Space
+    , Str "tags"
+    , Space
+    , Str "will"
+    , Space
+    , Str "be"
+    , Space
+    , Str "interpreted"
+    , SoftBreak
+    , Str "as"
+    , Space
+    , Span
+        ( ""
+        , [ "term" ]
+        , [ ( "lem" , "Raw code" )
+          , ( "def" , "Code inserted **untouched** in the output." )
+          ]
+        )
+        [ Strong [ Str "raw" , Space , Str "LaTeX" ] ]
+    , Str "Raw"
+    , Space
+    , Str "code:"
+    , Space
+    , Emph
+        [ Str "Code"
+        , Space
+        , Str "inserted"
+        , Space
+        , Strong [ Str "untouched" ]
+        , Space
+        , Str "in"
+        , Space
+        , Str "the"
+        , Space
+        , Str "output."
+        ]
+    , Str ","
+    , Space
+    , Str "not"
+    , Space
+    , Str "as"
+    , Space
+    , Str "Markdown."
+    ]
+, Para
+    [ Str "(From"
+    , Space
+    , Str "Pandoc"
+    , Space
+    , Str "manual)"
+    ]
+]