[SAJ]

Another case of the same combination of letters having usage as several parts of speech, in this case verb and adjective and noun.

1) 'Led' is the simple past tense of the verb 'to lead', sounded with a long 'e'.

2) 'Lead', sounded with a long 'e', as in 'lead paragraph' is an adjective. 'Lede' is simply a piece of newspaper industry jargon.

3) 'Lead', sounded with a short 'e', is the metal having chemical symbol Pb.

[Finny]

BEAUTIFUL! Beautiful. THANK YOU.

1) 'Led' is the simple past tense of the verb 'to lead', sounded with a long 'e'.
2) 'Lead', sounded with a long 'e', as in 'lead paragraph' is an adjective. 'Lede' is simply a piece of newspaper industry jargon.
3) 'Lead', sounded with a short 'e', is the metal having chemical symbol Pb.

[CyberAnt]

Sadly, I never see the word “led” used anymore.