Edit in JSFiddle

$("select").change(function(){
  var str = "";
  $("select option:selected").each(function(){
    str += $(this).text() + " ";
  });
  $("div").text(str);
}).change();

<select name="sweets" multiple="multiple">
  <option>Chocolate</option>
  <option selected="selected">Candy</option>
  <option>Taffy</option>
  <option selected="selected">Caramel</option>
  <option>Fudge</option>
  <option>Cookie</option>
</select>
<div></div>

div{color: red;}