I have just finished publishing my latest free plugin, called Watermark plugin for jQuery.
The new project has been released on the Google Code site, and the link to the project home page is: http://jquery-watermark.googlecode.com/
The plugin makes it simple to add those little light gray tips inside text entry spaces on a Web page. For example:
The minified version of the code, which is included in the download package, adds less than 2,000 bytes to the page size, so the effect of the code is practically non-existent.
The project home page has an issue tracking system, so please report any bugs found.
The Watermark plugin can also be found in the jQuery plugin directory: http://plugins.jquery.com/project/jquery-watermark