Question

I have a Jquery event attached to a certain id="myid" & want to disable it by a <button> click & then afterwards re-enable via same <button> click & vice-versa for infinite times.

Answer 1

$('button').toggle(function() {
    $('#myid').unbind();
}, function() {
    // attach your event
});

http://api.jquery.com/unbind/
http://docs.jquery.com/Events/toggle