When the mouse cursor is over a 2D plot in Wolfram|Alpha, a pair of grey lines appear that help you read the coordinates off the x and y axes.
For example, I have the mouse over one of the turning points in the following plot of the Airy function.

The above can also be obtained inside Mathematica using
WolframAlpha["Plot Ai(x)", {{"Plot", 1}, "Content"}]

which has the added advantage of some sort of locator showing the coordinates.
How can I emulate such behavior in a normal Mathematica graphics/plot?
Here’s another approach using
Nearest, that’s a bit different from Simon’s:This was put together from example I had laying around. (I don’t like the free-floating drop-lines combined with the point tracking; either on its own feels fine.)