Javascript: Placeholder in IE

gistfile1

// Form - Placeholder
		
		if(!Modernizr.input.placeholder) {
			//alert("no placeholder!!!!!");

			$j("*:text:not([type='password'])").each(function(){
				//$j(this).css("border","solid 1px red");
				if( $j(this).attr("placeholder") && $j(this).attr("placeholder").length > 1 ) {
					var placeholderTxt = $j(this).attr("placeholder");
					$j(this).val(placeholderTxt);
					$j(this).click(function(){
						if( $j(this).val() == placeholderTxt ) {
							$j(this).val("");
						}
					});
					$j(this).blur(function(){
						if( $j(this).val() == "" ) {
							$j(this).val(placeholderTxt);
						}
					});
				}
			});

			$j("input[type='password']").each(function(){ 
				if( $j(this).attr("placeholder") && $j(this).attr("placeholder").length > 1 ) {
					var $realPass = $j(this);
					// create the fake password field
					var thisID = $realPass.attr("id");
					var thisName = $realPass.attr("name");
					if( !$realPass.context.outerHTML ) {
						return false;
					} 
					var passHTML = $realPass.context.outerHTML; //only works in IE9?
					passHTML = passHTML.replace('type="password"','type="text"');
					passHTML = passHTML.replace('id="'+thisID+'"','id="fake-'+thisID+'"');
					passHTML = passHTML.replace('name="'+thisName+'"',' ');
					var $newPass = $j(passHTML);
					$newPass.insertAfter($realPass);

					$realPass.hide();

					var placeholderTxt = $newPass.attr("placeholder");
					$newPass.val(placeholderTxt);
					$newPass.focus(function(){
						$newPass.hide();
						$realPass.show().focus();
					});

					$realPass.blur(function(){
						if (  $realPass.val() == "" || $realPass.val() == placeholderTxt ) {
							$realPass.hide();
							$newPass.show();
						}
					});
				}
			});
			
		} //if(!Modernizr.input.placeholder)