If you have this when replacing within a selected block of text, it may be because you mistakenly typed %s
when you should only type s
I had this happen by selecting a block, typing :
and at the prompt :'<,'>
, typing %s/something/other/
resulting in :'<,'>%s/something/other/
when the proper syntax is :'<,'>s/something/other/
without the percent.