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<!DOCTYPE html>
<html>
<head>
<script src="http://ajax.googleapis.com/ajax/libs/jquery/1/jquery.min.js"></script>
<meta charset=utf-8 />
<title>JS Bin</title>
</head>
<body>
  <p>Here's the word: <span id="target">hello</span></p>
</body>
</html>
 
(function($) {
  
  var target = $("#target"),
      word = target.text();
  setInterval(function() {
      word = word === "hello" ? "glad" : "hello";
      target.text(word);
  }, 1000);
  
})(jQuery);
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