How can I listen for a click-and-hold in jQuery?

var timeoutId = 0;

$('#myElement').on('mousedown', function() {
    timeoutId = setTimeout(myFunction, 1000);
}).on('mouseup mouseleave', function() {
    clearTimeout(timeoutId);
});

Edit: correction per AndyE…thanks!

Edit 2: using bind now for two events with same handler per gnarf