I was hoping to craft a control where a user could click inside a div, then drag the mouse, then let up on the mouse in order to indicate how long they want something to be.
One way is to use the jQuery offset method to translate the event.pageX and event.pageY coordinates from the event into a mouse position relative to the parent. Here's an example for future reference:
$("#something").click(function(e){
var parentOffset = $(this).parent().offset();
//or $(this).offset(); if you really just want the current element's offset
var relX = e.pageX - parentOffset.left;
var relY = e.pageY - parentOffset.top;
});