Edit the text of label on click using jQuery

Example

<!DOCTYPE html>
<html>
<head>
<style>
label:hover {
    background: #f2f5ff;
    border-radius:5px;
    padding:2px 4px;
}
</style>
<script src="https://ajax.googleapis.com/ajax/libs/jquery/3.3.1/jquery.min.js"></script>
<script>
$(document).ready(function($) {
	var defaultText = 'Click me and enter some text';

		function endEdit(e) {
			var input = $(e.target),
				label = input && input.prev();

			label.text(input.val() === '' ? defaultText : input.val());
			input.hide();
			label.show();
		}

		$('.clickedit').hide()
		.focusout(endEdit)
		.keyup(function (e) {
			if ((e.which && e.which == 13) || (e.keyCode && e.keyCode == 13)) {
				endEdit(e);
				return false;
			} else {
				return true;
			}
		})
		.prev().click(function () {
			$(this).hide();
			$(this).next().show().focus();
		});
});
</script>
</head>
<body>
<label class="pull-left">Click me and enter some text</label>
<input class="clickedit" type="text" />
</body>
</html>
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