Show/Hide password fields

inputs.html

<input type="password" id="OLD_PASSWORD" name="OLD_PASSWORD" value="" />
<input type="checkbox" value="option" id="showPass" name="showPass" />

showpassword.js

$(function() {
	$("#showPass").click(function() {
		if($('#showPass').attr('checked')) { //can use .is(':checked') also
			$("input[type=password]").each(function() { //iterate through all of type=password
				$(this).clone().attr("type", "text").appendTo($(this).parent()).val($(this).val());
				$(this).remove();
			});
		} else if($('#showPass').is(':not(:checked)')) {
			$("input[type=text]").each(function() {
				$(this).clone().attr("type", "password").appendTo($(this).parent()).val($(this).val());
				$(this).remove();
			});
		}
	});
});