Using JQuery to add a hyperlink to existing text

Using JQuery to add a hyperlink to existing text

I'm using a form plugin on a site and I want to add a hyperlink to a specific text "bump".  I'm trying to accomplish this using jquery and I have the basic document ready function setup but I'm trying to figure out how to look for a specif text in a label field and then append a hyperlink afterwards.  Can this be done using JQuery?