jQuery click and hold function

jquery.click_hold.js

$.fn.click_hold = function(fn, delay) {
        var timeout = 0;
        $(this).live("mousedown", function(evt) {
            var $this = $(this).data("mousedown", true);
            timeout = setInterval(function() {
                if ($this.data("mousedown") === true) {
                    console.log("held");
                    fn(evt);
                } else {
                    console.log("released");
                    clearInterval(timeout);
                }
            }, delay);

        });
        $(this).live("mouseup", function(evt) {
            $(this).data("mousedown", false);
        });
    }