function _walk_bookmarks( $bookmarks, $args = '' ) {
	$defaults = array(
		'show_updated'     => 0,
		'show_description' => 0,
		'show_images'      => 1,
		'show_name'        => 0,
		'before'           => '<li>',
		'after'            => '</li>',
		'between'          => "\n",
		'show_rating'      => 0,
		'link_before'      => '',
		'link_after'       => '',
	);

	$parsed_args = wp_parse_args( $args, $defaults );

	$output = ''; // Blank string to start with.

	foreach ( (array) $bookmarks as $bookmark ) {
		if ( ! isset( $bookmark->recently_updated ) ) {
			$bookmark->recently_updated = false;
		}
		$output .= $parsed_args['before'];
		if ( $parsed_args['show_updated'] && $bookmark->recently_updated ) {
			$output .= '<em>';
		}
		$the_link = '#';
		if ( ! empty( $bookmark->link_url ) ) {
			$the_link = esc_url( $bookmark->link_url );
		}
		$desc  = esc_attr( sanitize_bookmark_field( 'link_description', $bookmark->link_description, $bookmark->link_id, 'display' ) );
		$name  = esc_attr( sanitize_bookmark_field( 'link_name', $bookmark->link_name, $bookmark->link_id, 'display' ) );
		$title = $desc;

		if ( $parsed_args['show_updated'] ) {
			if ( '00' != substr( $bookmark->link_updated_f, 0, 2 ) ) {
				$title .= ' (';
				$title .= sprintf(
					/* translators: %s: Date and time of last update. */
					__( 'Last updated: %s' ),
					gmdate(
						get_option( 'links_updated_date_format' ),
						$bookmark->link_updated_f + ( get_option( 'gmt_offset' ) * HOUR_IN_SECONDS )
					)
				);
				$title .= ')';
			}
		}
		$alt = ' alt="' . $name . ( $parsed_args['show_description'] ? ' ' . $title : '' ) . '"';

		if ( '' != $title ) {
			$title = ' title="' . $title . '"';
		}
		$rel = $bookmark->link_rel;
		if ( '' != $rel ) {
			$rel = ' rel="' . esc_attr( $rel ) . '"';
		}
		$target = $bookmark->link_target;
		if ( '' != $target ) {
			$target = ' target="' . $target . '"';
		}
		$output .= '<a href="' . $the_link . '"' . $rel . $title . $target . '>';

		$output .= $parsed_args['link_before'];

		if ( $bookmark->link_image != null && $parsed_args['show_images'] ) {
			if ( strpos( $bookmark->link_image, 'http' ) === 0 ) {
				$output .= "<img src=\"$bookmark->link_image\" $alt $title />";
			} else { // If it's a relative path
				$output .= '<img src="' . get_option( 'siteurl' ) . "$bookmark->link_image\" $alt $title />";
			}
			if ( $parsed_args['show_name'] ) {
				$output .= " $name";
			}
		} else {
			$output .= $name;
		}

		$output .= $parsed_args['link_after'];

		$output .= '</a>';

		if ( $parsed_args['show_updated'] && $bookmark->recently_updated ) {
			$output .= '</em>';
		}

		if ( $parsed_args['show_description'] && '' != $desc ) {
			$output .= $parsed_args['between'] . $desc;
		}

		if ( $parsed_args['show_rating'] ) {
			$output .= $parsed_args['between'] . sanitize_bookmark_field(
				'link_rating',
				$bookmark->link_rating,
				$bookmark->link_id,
				'display'
			);
		}
		$output .= $parsed_args['after'] . "\n";
	} // end while

	return $output;
}