Index: includes/bootstrap.inc
===================================================================
RCS file: /cvs/drupal/drupal/includes/bootstrap.inc,v
retrieving revision 1.421
diff -u -p -r1.421 bootstrap.inc
--- includes/bootstrap.inc	27 Sep 2010 01:14:10 -0000	1.421
+++ includes/bootstrap.inc	5 Oct 2010 02:58:45 -0000
@@ -1262,7 +1262,7 @@ function drupal_unpack($obj, $field = 'd
  *     drupal_set_title($title = t("@name's blog", array('@name' => format_username($account))), PASS_THROUGH);
  *   @endcode
  * - %variable: Indicates that the string should be HTML-escaped and highlighted
- *   with theme_placeholder(), which shows up by default as <em>emphasized</em>.
+ *   with drupal_placeholder(), which shows up as <em>emphasized</em>.
  *   @code
  *     $message = t('%name-from sent %name-to an e-mail.', array('%name-from' => format_username($user), '%name-to' => format_username($account)));
  *   @endcode
@@ -1398,7 +1398,7 @@ function drupal_unpack($obj, $field = 'd
  *    - !variable: inserted as is
  *    - @variable: escape plain text to HTML (using check_plain())
  *    - %variable: escape text and theme as a placeholder for user-submitted
- *      content (using check_plain() + theme_placeholder())
+ *      content (using check_plain() + drupal_placeholder())
  * @param $options
  *   An associative array of additional options, with the following keys:
  *     - 'langcode' (defaults to the current language) The language code to
Index: includes/common.inc
===================================================================
RCS file: /cvs/drupal/drupal/includes/common.inc,v
retrieving revision 1.1232
diff -u -p -r1.1232 common.inc
--- includes/common.inc	4 Oct 2010 17:46:00 -0000	1.1232
+++ includes/common.inc	5 Oct 2010 02:58:45 -0000
@@ -1688,7 +1688,7 @@ function format_xml_elements($array) {
  *    - !variable: inserted as is
  *    - @variable: escape plain text to HTML (check_plain)
  *    - %variable: escape text and theme as a placeholder for user-submitted
- *      content (check_plain + theme_placeholder)
+ *      content (check_plain + drupal_placeholder)
  *   Note that you do not need to include @count in this array.
  *   This replacement is done automatically for the plural case.
  * @param $options
@@ -5860,9 +5860,6 @@ function drupal_array_nested_key_exists(
 function drupal_common_theme() {
   return array(
     // theme.inc
-    'placeholder' => array(
-      'variables' => array('text' => NULL)
-    ),
     'html' => array(
       'render element' => 'page',
       'template' => 'html',
Index: misc/drupal.js
===================================================================
RCS file: /cvs/drupal/drupal/misc/drupal.js,v
retrieving revision 1.69
diff -u -p -r1.69 drupal.js
--- misc/drupal.js	28 Jul 2010 01:38:28 -0000	1.69
+++ misc/drupal.js	5 Oct 2010 02:58:46 -0000
@@ -228,8 +228,9 @@ Drupal.formatPlural = function (count, s
  * theme does not provide an override function, the generic theme function is
  * called.
  *
- * For example, to retrieve the HTML that is output by theme_placeholder(text),
- * call Drupal.theme('placeholder', text).
+ * For example, to retrieve the HTML for text that should be emphasized and
+ * displayed as a placeholder inside a sentence, call
+ * Drupal.theme('placeholder', text).
  *
  * @param func
  *   The name of the theme function to call.
@@ -364,7 +365,7 @@ Drupal.theme.prototype = {
    *   The formatted text (html).
    */
   placeholder: function (str) {
-    return '<em>' + Drupal.checkPlain(str) + '</em>';
+    return '<em class="placeholder">' + Drupal.checkPlain(str) + '</em>';
   }
 };