Folks often want a way to automatically place text, but not use a legend (#4489, #1313), but attempts to implement this have not passed muster (#12841)

As pointed out by @ImportanceofBeeingEarnest one way to make this more constrained is to use AnchoredOffsetbox which legend already uses, and just propagate the legend logic to the parent class. The folks could put their text or other annotations in this box.

@andrzejnovak I think what you're asking for is rather a loc="best" option for AnchoredOffsetbox, such that one could write AnchoredText("my text", loc="best"). This is very different from what this PR suggested, and most concerns raised here would not even apply.

Originally posted by @ImportanceOfBeingErnest in #12841 (comment)