jQuery Forum

Of course.
var divContent;
function saveDivContent() {
    divContent = $("#test").html();
}
function doSomethingWithTheSavedContent() {
    alert(divContent);
}
But, be careful if the div content contains a form with dynamically
created elements. I've had trouble with saving those in the past.

Hi,
Thanks, what I want to do is, a list of items displayed in the div, if
user click one of them, it will be erased and replaced with form, and
later restore the list of items when done, possible?

Yup, have a look at this:
http://www.appelsiini.net/projects/jeditable
Adrian