gistfile1.txt

function enable_edit_mode(){
	$('.is_editable').each(function(){
          $(this).bind('click.edit_mode', function(e){
	    edit_element(this);
	    return false;
	  });
        });
};

function edit_element(edititable_element) {	
     ... code ...
     edited_element = $(edititable_element).clone(true);
     $(edititable_element).replaceWith(edit_div);
}