IPWEditor is a jQuyer plugin that allows users to edit text on web pages without going to a separate page and adds a layer of WYSIWYG editor (FCKeditor & TinyMCE) over it.
As you may have seen the jQuery Editable plugin that seamlessly replace texts on web pages with inputs but the IPWEditor has added functionality and the WYSIWYG text editor layer allows user to apply formatting on the text as well.