jQuery.fn.limitMaxlength = function(options){

    var settings = jQuery.extend({
        attribute: "maxlength",
        onLimit: function(){},
        onEdit: function(){}
    }, options);

    // Event handler to limit the textarea
    var onEdit = function(){
        var textarea = jQuery(this);
        var maxlength = parseInt(textarea.attr(settings.attribute));

        if(textarea.val().length > maxlength){
            textarea.val(textarea.val().substr(0, maxlength));

            // Call the onlimit handler within the scope of the textarea
            jQuery.proxy(settings.onLimit, this)();
        }

        // Call the onEdit handler within the scope of the textarea
        jQuery.proxy(settings.onEdit, this)(maxlength - textarea.val().length);
    }

    this.each(onEdit);

    return this.keyup(onEdit)
                .keydown(onEdit)
                .focus(onEdit)
                .live('input paste', onEdit);
}