Edit: I didn’t really ask all the questions I should have asked in my original question. To help make this easier for people looking for a similar answer, this is what the question ended up being:
How do I make a typewriter effect with a blinking cursor that pauses at the end of the statement, erases the statement, and writes a new one?
Check out Yoshi’s answer below. It does exactly that…
demo: http://jsbin.com/araget/5/
plugin:
html:
init: