Changes the innerHTML of an element into a Template object.

templatize.js

Element.addMethods({
  /**
   * Browser caveats: IE6 does not add quotes to DOM attributes
   * when it does not need to. Use `class="#{className} ie"` if
   * you're going to replace attribute values with spaces. Also,
   * most browsers load `<img src="#{src}" />` as a 404.
   */
  templatize: (function(){
    var FIND = /(?:#|%23)%7B([^%]+)%7D/g, REPLACE = "#{$1}",
        ERROR = 'Could not templatize element ', EMPTY = "";
    return function( _ref ) {
      var el, t;
      el = $(_ref);
      if (! el) { throw( ERROR + _ref ); }
      t = new Template( el.innerHTML.replace( FIND, REPLACE ) );
      el.update( EMPTY );
      el.hide();
      return t;
    };
  })()
});