Note that when using the argument swapping, you MUST number every argument, otherwise sprintf gets confused. This only happens if you use number arguments first, then switch to a non-numbered, and then back to a numbered one.
<?php
$sql = sprintf( "select * from %1\$s left join %2\$s on( %1\$s.id = %2\$s.midpoint ) where %1\$s.name like '%%%s%%' and %2\$s.tagname is not null", "table1", "table2", "bob" );
$sql = sprintf( "select * from %1\$s left join %2\$s on( %1\$s.id = %2\$s.midpoint ) where %1\$s.name like '%%%3\$s%%' and %2\$s.tagname is not null", "table1", "table2", "bob" );
?>