Don't use bare class selectors, like this:
$('.button').click(function() { /* do something */ });
This will end up looking at every single element to see if it has a class of "button".
Instead, you can help it out, like:
$('span.button').click(function() { /* do something */ });
$('#userform .button').click(function() { /* do something */ });
I learned this last year from Rebecca Murphy's blog
Update - This answer was given over 2 years ago and is not correct for the current version of jQuery.
One of the comments includes a test to prove this.
There is also an updated version of the test that includes the version of jQuery at the time of this answer.