2. (function($) {
3.   'use strict';
4.   $.fn.jvFloat = function () {
5.     return this.filter('input:not([type=submit]), textarea, select').each(function() {
6.       function getPlaceholderText($el) {
7.         var text = $el.attr('placeholder');
8.         if (typeof text == 'undefined') {
9.             text = $el.attr('title');
10.         }
11.         return text;
12.       }
13.       function setState () {
14.         var currentValue = $el.val();
15.         if (currentValue == null) {
16.           currentValue = '';
17.         }
18.         else if ($el.is('select')) {
19.           var placeholderValue = getPlaceholderText($el);
20.           if (placeholderValue == currentValue) {
21.             currentValue = '';
22.           }
23.         }
24.         placeholder.toggleClass('active', currentValue !== '');
25.       }
26.       function generateUIDNotMoreThan1million () {
27.         var id = '';
28.         do {
29.           id = ('0000' + (Math.random()*Math.pow(36,4) << 0).toString(36)).substr(-4);
30.         } while (!!$('#' + id).length);
31.         return id;
32.       }
33.       function createIdOnElement($el) {
34.         var id = generateUIDNotMoreThan1million();
35.         $el.prop('id', id);
36.         return id;
37.       }
38.       var $el = $(this).wrap('<div class=jvFloat>');
39.       var forId = $el.attr('id');
40.       if (!forId) { forId = createIdOnElement($el);}
41.       var required = $el.attr('required') || '';
42.       var placeholder = '';
43.       var placeholderText = getPlaceholderText($el);
44.       if ($(this).is('textarea')) {
45.         placeholder = $('<label class="placeHolder ' + ' textarea ' + required + '" for="' + forId + '">' + placeholderText + '</label>').insertBefore($el);
46.       } else {
47.         placeholder = $('<label class="placeHolder ' + required + '" for="' + forId + '">' + placeholderText + '</label>').insertBefore($el);
48.       }
49.       setState();
50.       $el.bind('keyup blur', setState);
51.     });
52.   };
53. })(window.jQuery || window.Zepto || window.$);

However, how could I modify the above so that the label takes the value of the class "gf_placeholder" as seen below? In the below example the label would be "Salutation *". 

1. <select name="input_6" id="input_19_6" class="gfield_select" tabindex="0" aria-required="true" aria-invalid="false" style="outline: none;"><option value="" selected="selected" class="gf_placeholder">Salutation *</option><option value="Miss">Miss</option><option value="Ms.">Ms.</option><option value="Mrs.">Mrs.</option><option value="Mr.">Mr.</option><option value="Dr.">Dr.</option></select>