How to Clear Default Search String on Focus using jquery?

$("#s")
    .val("Search...")
    .css("color", "#ccc")
    .focus(function(){
        $(this).css("color", "black");
        if ($(this).val() == "Search...") {
            $(this).val("");
        }
    })
    .blur(function(){
        $(this).css("color", "#ccc");
        if ($(this).val() == "") {
            $(this).val("Search...");
        }
    });

1. Set value of field to “Search…”
2. When field comes into focus, set color to black.
3. If value is default, remove it.
4. When field goes out of focus, set color back to light gray.
5. If value is empty, put back default value