This will grab the value of the form fields, and make it into the placeholder for said input box.
$(document).ready(function() {
/* ==========================================================================
Forms
========================================================================== */
// placeholders
$('.formmodule input[type="text"], .formmodule textarea').each(function() {
var $this = $(this);
$this.attr("placeholder", $this.attr("value")).removeAttr("value");
});
}); //end doc ready