contenteditable example

HTML

<p class="source" contenteditable="true">edit me</p>

<div id="target">edit them</div>

JavaScript

(function(){
var $target=$('#target'),
    $source=$('.source');
    $source.on('keydown', function () {
        alert($source.html());
    });
    $source.on('keyup', function () {
        //alert($source.html());
        $target.html($(this).html());        
    }); 
})()