You have several errors there.
First, you have to return a value from the function in the HTML markup: <form name="ff1" method="post" onsubmit="return validateForm();">
Second, in the JSFiddle, you place the code inside onLoad which and then the form won't recognize it - and last you have to return true from the function if all validation is a success - I fixed some issues in the update:
https://jsfiddle.net/mj68cq0b/
function validateURL(url) {
var reurl = /^(http[s]?:\/\/){0,1}(www\.){0,1}[a-zA-Z0-9\.\-]+\.[a-zA-Z]{2,5}[\.]{0,1}/;
return reurl.test(url);
}
function validateForm()
{
// Validate URL
var url = $("#frurl").val();
if (validateURL(url)) { } else {
alert("Please enter a valid URL, remember including http://");
return false;
}
// Validate Title
var title = $("#frtitle").val();
if (title=="" || title==null) {
alert("Please enter only alphanumeric values for your advertisement title");
return false;
}
// Validate Email
var email = $("#fremail").val();
if ((/(.+)@(.+){2,}\.(.+){2,}/.test(email)) || email=="" || email==null) { } else {
alert("Please enter a valid email");
return false;
}
return true;
}