Edited ad not allowing me to save
I've attempted to edit the content of a Disapproved ad in my AdWords->Campaigns, by hovering on the ad and clicking the pencil icon. After making changes, I click on "Save" and get the error message "This campaign and its contents cannot be modified in AdWords." Whaaaaat???
Re: Edited ad not allowing me to save
Sounds like you have an AdWords Express (campaign name starts with AX) or a Google Places campaign. You'll need to go to the account where you created the campaign to change it.
Best of Luck!