set-timeout-incrementer.js

// How to create a setTimeout-based incrementer that is self-calling
(function() {
    var i = 0;
    function incrementer(undefined) {
        if (i !== undefined && i < 10) {
            i++;
            console.log('i is %s', i);
            setTimeout(incrementer, 500);
         }
    }
    setTimeout(incrementer, 500);
})();