jQuery: Custom styled select drop-downs

gistfile1

    /**
    * Style Drop Downs
    --------------------------------------------------------------------------*/

    (function() {
        var $selects = $("select");

        if ($selects.length > 0) {
            $selects.each(function(i) {
                var $select = $(this),
                    $styled = $("<div />");

                $select
                    .data("styled", $styled)
                    .after(
                        $styled
                            .addClass("select")
                            .addClass($select[0].className)
                            .text($select.find(":selected").text())
                            .css({
                                marginBottom: $select.css("marginBottom"),
                                marginTop: (0 - $select.outerHeight())
                            })
                    )
                    .css({
                        marginBottom: 0,
                        position: "relative",
                        opacity: 0
                    })
                    .on({
                        change: function(e) {
                            var $target = $(e.target);
                            $target
                                .data("styled")
                                    .text($target.find(":selected").text());
                        },
                        mouseenter: function(e) {
                            $(e.target).data("styled").addClass("hover");
                        },
                        mouseleave: function(e) {
                            $(e.target).data("styled").removeClass("hover");
                        },
                        focus: function(e) {
                            $(e.target).data("styled").addClass("focus");
                        },
                        blur: function(e) {
                            $(e.target).data("styled").removeClass("focus");
                        }
                    });
            });
        }

    })();// End of style drop downs