mathiasbynens/jquery-placeholder — comment on commit b7a4199af079ae0210dca5db36d3fe64b9508ff4
File: jquery.placeholder.js line 51
By mathiasbynens:

Yeah, I wanted to avoid that, as the value must not be set on `element` at all times… In the case of a text input clone of a password inputs, the real password element should get the value.