WaterMark

<style>
.hint {
	color: gray;
}
</style>

var hintClassName="hint";
var domainNamesHint = "this is a line for water mark";
YAHOO.util.Event.onDOMReady(function () {
	// initial water mark
	showWaterMark(Get(formName+'_domainNames'), domainNamesHint);
	// water mark event
	YAHOO.util.Event.on(Get(formName+'_domainNames'), "focus", focusAction);
	YAHOO.util.Event.on(Get(formName+'_domainNames'), "blur", blurAction);
});

///--------------- Domain Names: WaterMark -----------------///
function focusAction(e) {
	hideWaterMark(this.id);
}

function blurAction(e) {
	showWaterMark(this.id, domainNamesHint);
}

function hideWaterMark(elementId) {
	var el = Get(elementId);
	if(el) {
		if(YAHOO.util.Dom.hasClass(el, hintClassName)) {
			YAHOO.util.Dom.removeClass(el, hintClassName);
			el.value = "";
		}
	}
}
function showWaterMark(elementId, text) {
	var el = Get(elementId);
	if(el) {
		var value = el.value;
		if (value.length == 0 || value.trim().length == 0) {
			YAHOO.util.Dom.addClass(el, hintClassName);
			el.value = text;
		}
	}
}

<s:textarea name="domainNames" cssStyle="width: 260px;" rows="4"/>