JSFiddle - React, Tailwind, and code Playground

HTML

<script src='https://cdnjs.cloudflare.com/ajax/libs/jquery.lazyload/1.9.1/jquery.lazyload.js'></script>
<img src="https://i.stack.imgur.com/7bI1Y.jpg" xreferrerpolicy="no-referrer">
<div style='height:12px;'>

</div>
<img class='lazy' data-original="https://i.stack.imgur.com/XZ4V5.jpg" referrerpolicy="no-referrer">
<div style='height:250px;'>

</div>

JavaScript

/*
 * Lazy Load - jQuery plugin for lazy loading images
 *
 * Copyright (c) 2007-2013 Mika Tuupola
 *
 * Licensed under the MIT license:
 *   http://www.opensource.org/licenses/mit-license.php
 *
 * Project home:
 *   http://www.appelsiini.net/projects/lazyload
 *
 * Version:  1.9.1
 *
 */

(function($, window, document, undefined) {
    var $window = $(window);

    $.fn.lazyload = function(options) {
        var elements = this;
        var $container;
        var settings = {
            threshold       : 0,
            failure_limit   : 0,
            event           : "scroll",
            effect          : "show",
            container       : window,
            data_attribute  : "original",
            skip_invisible  : true,
            appear          : null,
            load            : null,
            placeholder     : "data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAAAXNSR0IArs4c6QAAAARnQU1BAACxjwv8YQUAAAAJcEhZcwAADsQAAA7EAZUrDhsAAAANSURBVBhXYzh8+PB/AAffA0nNPuCLAAAAAElFTkSuQmCC"
        };

        function update() {
            var counter = 0;

            elements.each(function() {
                var $this = $(this);
                if (settings.skip_invisible && !$this.is(":visible")) {
                    return;
                }
                if ($.abovethetop(this, settings) ||
                    $.leftofbegin(this, settings)) {
                        /* Nothing. */
                } else if (!$.belowthefold(this, settings) &&
                    !$.rightoffold(this, settings)) {
                        $this.trigger("appear");
                        /* if we found an image we'll load, reset the counter */
                        counter = 0;
                } else {
                    if (++counter > settings.failure_limit) {
                        return false;
                    }
                }
            });

        }

        if(options) {
            /* Maintain BC for a couple of versions. */
   ...