[JS] Labels to text fields values

jquery.labetofield.js

/*!
 * Labels to text field values
 * ===========================
 *
 * Set the default value of text fields to the text in a corresponding <label> element
 */

;(function($) {

	$.fn.labelToValue = function() {
		$(this).each(function() {
			// vars
			var $field = $(this),
					$value = $field.val(),
					$label = $field.prev(),
					$labelText = $field.prev().text();

			// do stuff
			if ($value == '') {
				$field.val($labelText);
			}
			$label.hide();

			// binds
			$field.bind({
				focus: function() {
					if ($field.val() == $labelText) {
						$field.val('');
					}
				},
				blur: function() {
					if ($field.val() == '') {
						$field.val($labelText);
					}
				}
			});
		});
		return this;
	};
})(jQuery);