Pouring over the release notes regarding jQuery 1.4, I came acrosss $.noop() which is:
Description: An empty function. (added in 1.4)
If a function requires you pass a function as an argument maybe? It's shorter to say do_something($.noop) than do_something(function(){}).
do_something($.noop)
do_something(function(){})
Although not by much...
...6 characters...
...yeah, that feature looks quite useless actually.