Can a div not be draggable *and* droppable?

Can a div not be draggable *and* droppable?


My example code:
http://paste.pocoo.org/show/88256/
I am trying to make it so the user can "drag" the <div> surrounding
the textbox and drop it onto an another <div> (that's set for
"droppable") and then, after i can even get the alert to fire, copy
the contents of the textbox
but i cannot even get that "alert" to fire in the drop event..... any
ideas/tips?