marcgg/Simple-Placeholder — pull request #7 by RIAEvangelist (2012-04-18 18:14:51+00:00)
Title: Updated for more intuitive and uniform UX

Keeps placeholder visible until keydownevent then replaces on blur or value='' after keyup.

Not sure may want to keep it as a separate fork though because this requires https://github.com/DrPheltRight/jquery-caret

sorry for the crappy diff on the commit, don't have git installed on work computer.