jQuery text filterbox that looks like Google Docs
<p>Can this be done in jQuery? Any reference?</p>

<p><img src="http://content.screencast.com/users/Bilal.Haidar/folders/Jing/media/24400f3b-53bc-4914-bbc6-089f4f5354d1/2011-11-10_2222.png" alt="" /></p>
