Can I get an explanation on how to make a wysiwyg editor using a textarea? All I need it to be able to do is parse basic html tags like bold, italics, underline, etc. It doesn't need to have any buttons that inserts it, I just want to have a default text inside the textarea tags that parse the html.
Example:
<textarea cols="20" rows="20" name="ok">
<b>wat</b>
</textarea>
This will print out <b>wat</b>
instead of wat inside the textarea.
Edit: jQuery is preferred