jQuery default text for text input fields

gistfile1.txt

/**
 * DEFAULT TEXT 
 * Written by Shaun Springer
 * Free to use, distribute, and modify.
 *
 * Example:
 * $('input[type="textarea"]').defaultText();
 *
 * jsFiddle: http://jsfiddle.net/Springerlax11/wWCr8/
 */

(function($){
	
	  $.defaultText = function(element, options)
	  {	  
	  	
	  	var defaults = {
	      'focusClass'         : 'default',
	      'defaultText'				: 'Default text'
	   	};
	  	
		  var plugin = this;
		  plugin.settings = {};
		  
		  var $element = $(element);
		  var element = element;
		  
		  plugin.init = function()
		  {		  	
				// Create some defaults, extending them with any options that were provided
		    plugin.settings = $.extend({}, defaults, options);
				
				$element.bind('focus', focusEvent)
						 	  .bind('blur', blurEvent);
						 
			  $element.addClass(plugin.settings.focusClass);
	      $element.val(plugin.settings.defaultText);
			}			
		  
		  var focusEvent = function(e)
			{
				$element.removeClass(plugin.settings.focusClass);

		    if ($element.val() == plugin.settings.defaultText)
		    {
		      $element.val("");
		    }
			}
			
			var blurEvent = function(e)
			{
				if ($element.val() === "")
		    {
		      $element.val(plugin.settings.defaultText);
		      $element.addClass(plugin.settings.focusClass);    
		    }	    
		  }
		  
		  plugin.init();
	  }
	  
		$.fn.defaultText = function(options)
		{ 
			return this.each(function() {
        if (undefined == $(this).data('defaultText')) {
            var plugin = new $.defaultText(this, options);
            $(this).data('defaultText', plugin);
        }
   	 });
		}
})(jQuery);