Fetchflow is a better version of contenteditable. Here's how to use it:
To start editing an element, just do this:
$('#foo').fetchflowEdit();
To stop editing it:
$('#foo').fetchflowUnedit();
If you want to make it editable (i.e., bind clicks and blurs to the above):
$('#foo').fetchflowEditable();
License info is in LICENSE.txt. Enjoy!