SO fiddle
Test Fiddle mainly for SO Questions
by Nick Craver
HTML
<link rel="stylesheet" href="http://ajax.googleapis.com/ajax/libs/jqueryui/1.8.4/themes/overcast/jquery-ui.css">
<div class="selector">Click me!</div>
JavaScript
$('.selector').click(function(){
var obj = $(this),
repl = $('<div class="size">whats up man ??! <span class="medium"></span></div>');
obj.replaceWith(repl);
alert(repl.find('span').attr('class')); //this will print 'undefined'
});