1. A method for metatagging a caption stream associated with an event, comprising: receiving, at a first device, at least a first set of audio data corresponding to the event; generating a data file including both text and at least one metatag code from the first set of audio data, wherein the data file is not a caption file and does not include captioning data utilizable by a captioning system to display captions; wherein the at least one metatag code is context sensitive metatag code in relation to a given portion of the text and identifies a storage location of the context sensitive additional information related to the given portion of the text; receiving the generated data file; and formatting the received data file to generate a caption file, wherein a user may select at least a portion of caption information generated utilizing the caption file, the portion of the caption information associated with the at least one metatag code, to directly access the context sensitive additional information related to the event.