var $someContents = $('#someContents').html();
alert($someContents);
This gets all of the HTML content and yields:

http://jsfiddle.net/dFB3J/
var $someContents = $('#someContents').text();
alert($someContents);
This gets all of the inner text content and yields:

http://jsfiddle.net/z2f26/
(function($){
$.fn.innerText = function(msg) {
if (msg) {
if (document.body.innerText) {
for (var i in this) {
this[i].innerText = msg;
}
} else {
for (var i in this) {
this[i].innerHTML.replace(/<br>/gi,"n").replace(/(<([^>]+)>)/gi, "");
}
}
return this;
} else {
if (document.body.innerText) {
return this[0].innerText;
} else {
return this[0].innerHTML.replace(/<br>/gi,"n").replace(/(<([^>]+)>)/gi, "");
}
}
};
})(jQuery);
var $someContents = $('#someContents').innerText();
alert($someContents);
This gets all of the inner text content (preserving line breaks) and yields:

http://jsfiddle.net/4gpLE/
Source: http://www.sitepoint.com/jquery-text-function/