jQuery Tooltips Made Easy

Inspired by a recent post on forrst.com (don't ask, I haven't got spare invites) I decided to write an easy to implement jQuery tooltip class for use with forms. A few points were raised in the comments of the original post, many of which I consider to be very relevant and have been taken into account when writing this code:

1. Code to be as simple and minimal as possible.
2. Tooltips to be semantically correct - this means they are NOT wrapped in label tags, but rather in spans
3. Non javascript fallback to be in place (does anyone browse without it anymore?)
4. Reliant on CSS for the basic styling (a personal favourite)

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