diff --git a/MPF.Core/Data/Drive.cs b/MPF.Core/Data/Drive.cs
index e2bda944..54d4068a 100644
--- a/MPF.Core/Data/Drive.cs
+++ b/MPF.Core/Data/Drive.cs
@@ -70,7 +70,9 @@ namespace MPF.Core.Data
                     return volumeLabel;
 
                 if (!string.IsNullOrEmpty(this.VolumeLabel))
+                {
                     volumeLabel = this.VolumeLabel;
+                }
                 else
                 {
                     // No Volume Label found, fallback to something sensible
diff --git a/MPF.Core/InfoTool.cs b/MPF.Core/InfoTool.cs
index d9dcbab7..fcd8b24b 100644
--- a/MPF.Core/InfoTool.cs
+++ b/MPF.Core/InfoTool.cs
@@ -1876,8 +1876,10 @@ namespace MPF.Core
                 if (string.IsNullOrEmpty(path))
                     return string.Empty;
 
-                // Remove quotes from path
+                // Remove quotes and angle brackets from path
                 path = path!.Replace("\"", string.Empty);
+                path = path!.Replace("<", string.Empty);
+                path = path!.Replace(">", string.Empty);
 
                 // Try getting the combined path and returning that directly
                 string fullPath = getFullPath ? Path.GetFullPath(path) : path;
diff --git a/MPF.Core/UI/ViewModels/MainViewModel.cs b/MPF.Core/UI/ViewModels/MainViewModel.cs
index e24448b5..3c4a42a5 100644
--- a/MPF.Core/UI/ViewModels/MainViewModel.cs
+++ b/MPF.Core/UI/ViewModels/MainViewModel.cs
@@ -148,6 +148,7 @@ namespace MPF.Core.UI.ViewModels
 
         /// <summary>
         /// Currently provided output path
+        /// Not guaranteed to be a valid path
         /// </summary>
         public string OutputPath
         {
@@ -1190,7 +1191,7 @@ namespace MPF.Core.UI.ViewModels
         {
             return new DumpEnvironment(
                 this.Options,
-                this.OutputPath,
+                EvaluateOutputPath(this.OutputPath),
                 this.CurrentDrive,
                 this.CurrentSystem,
                 this.CurrentMediaType,
@@ -1299,6 +1300,49 @@ namespace MPF.Core.UI.ViewModels
             }
         }
 
+        /// <summary>
+        /// Replaces %-delimited variables inside a path string with their values
+        /// </summary>
+        /// <param name="outputPath">Path to be evaluated</param>
+        /// <returns>String with %-delimited variables evaluated</returns>
+        public string EvaluateOutputPath(string outputPath)
+        {
+            string systemLong = this._currentSystem.LongName() ?? "Unknown System";
+            if (string.IsNullOrEmpty(systemLong))
+                systemLong = "Unknown System";
+            string systemShort = this._currentSystem.ShortName() ?? "unknown";
+            if (string.IsNullOrEmpty(systemShort))
+                systemShort = "unknown";
+            string mediaLong = this._currentMediaType.LongName() ?? "Unknown Media";
+            if (string.IsNullOrEmpty(mediaLong))
+                mediaLong = "Unknown Media";
+            string program = this._currentProgram.ToString() ?? "Unknown Program";
+            if (string.IsNullOrEmpty(program))
+                program = "Unknown Program";
+            string programShort = program == "DiscImageCreator" ? "DIC" : program;
+            if (string.IsNullOrEmpty(programShort))
+                programShort = "Unknown Program";
+            string label = this._currentDrive?.FormattedVolumeLabel ?? "track";
+            if (string.IsNullOrEmpty(label))
+                label = "track";
+            string date = DateTime.Today.ToString("yyyyMMdd");
+            if (string.IsNullOrEmpty(date))
+                date = "UNKNOWN";
+            string datetime = DateTime.Now.ToString("yyyyMMdd-HHmmss");
+            if (string.IsNullOrEmpty(datetime))
+                datetime = "UNKNOWN";
+
+            return outputPath
+                .Replace("%SYSTEM%", systemLong)
+                .Replace("%SYS%", systemShort)
+                .Replace("%MEDIA%", mediaLong)
+                .Replace("%PROGRAM%", program)
+                .Replace("%PROG%", programShort)
+                .Replace("%LABEL%", label)
+                .Replace("%DATE%", date)
+                .Replace("%DATETIME%", datetime);
+        }
+
         /// <summary>
         /// Get the default output directory name from the currently selected drive
         /// </summary>
diff --git a/MPF.UI.Core/Windows/OptionsWindow.xaml b/MPF.UI.Core/Windows/OptionsWindow.xaml
index c043a103..2f0dbbde 100644
--- a/MPF.UI.Core/Windows/OptionsWindow.xaml
+++ b/MPF.UI.Core/Windows/OptionsWindow.xaml
@@ -181,7 +181,8 @@
 
                         <Label Grid.Row="4" Grid.Column="0" VerticalAlignment="Center" HorizontalAlignment="Right" Content="Default Output Path" />
                         <TextBox x:Name="DefaultOutputPathTextBox" Grid.Row="4" Grid.Column="1" Height="22" HorizontalAlignment="Stretch"
-                                 Text="{Binding Options.DefaultOutputPath}" VerticalContentAlignment="Center" />
+                                 Text="{Binding Options.DefaultOutputPath}" VerticalContentAlignment="Center" 
+                                 ToolTip="Variables allowed:&#x0a;  &#37;SYSTEM&#37;&#9;(System name, long)&#x0a;  &#37;SYS&#37;&#9;&#9;(System name, short)&#x0a;  &#37;MEDIA&#37;&#9;(Media type)&#x0a;  &#37;PROGRAM&#37;&#9;(Program name, long)&#x0a;  &#37;PROG&#37;&#9;(Program name, short)&#x0a;  &#37;LABEL&#37;&#9;(Volume label)&#x0a;  &#37;DATE&#37;&#9;(Current date)&#x0a;  &#37;DATETIME&#37;&#9;(Current date and time)"/>
                         <Button x:Name="DefaultOutputPathButton" Grid.Row="4" Grid.Column="2" Height="22" Width="22" Content="..."
                                 Style="{DynamicResource CustomButtonStyle}" />
                     </Grid>