jQuery: Rest All Form Fields to Original Values

Using jQuery, how can I reset all form fields to their original values?
<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<meta charset="utf-8" />
<script type="text/javascript" src="http://ajax.googleapis.com/ajax/libs/jquery/1.7/jquery.min.js"></script>
<script type="text/javascript">

$(document).ready(function() {
 $('a').click(function() {
  $('input, select, textarea').val('');

  <form action="./" name="f" id="f" method="post">
  <input type="text" name="t" value="t" size="30"  />
  <input type="checkbox" name="x" value="1" />
  <input type="checkbox" name="y" value="1" checked="checked" />
  <textarea name="hello">hello</textarea>
  <select name="quantity">
   <option value="1">1</option>
   <option value="2" selected="selected">2</option>
   <option value="3">3</option>
 <a>Reset Fields</a>

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Brant SnowCommented:
Here is a good article on how to do this using jquery for individual fields


although i prefer to do this


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Brant SnowCommented:
well in your code would be like this

$(document).ready(function() {
 $('a').click(function() {

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