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The argument '-'(denote standard input) is optional.
Place the line above in your ~/.bahsrc file. Now every time you issue the 'vb' command, you invoke the vim editor to edit it, then source it so the changes take effect immediately.
* This mechanism is not working well if your .bashrc contains commands that should not be sourced more than once.
* This trick also work for your csh or tclsh users: place the following line in your ~/.cshrc file:
alias vc 'vim ~/.cshrc; source ~/.cshrc
Thank you adzap for pointing out the missing quote