jsrender can't register a template

I can use jsrender but I am getting an error when trying to register a template.

Here is my fiddle:
http://jsfiddle.net/jmillman/LRD6E/11/



This is my code:
var data = {
    people: [{
        name: 'One',
        shirtColor: 'red',
        price: 1.001
    }, {
        name: 'Two',
        shirtColor: 'blue',
        price: 2.0
    }, {
        name: 'Three',
        shirtColor: 'green',
        price: 3.3333333
    }]
};

//this breaks
//$.templates({ tmpl: $("#template") });
//$("#output").html($.render.tmpl(data));

//this works
$("#output").html($("#template").render(data));