jQuery.timer = function (interval, callback, options) {
    var options = jQuery.extend({ reset: 500 }, options); // Create options for the default reset value
    var interval = interval || options.reset;

    if (!callback) { return false; }

    timer = function (interval, callback) {
        // Only used by internal code to call the callback
        this.internalCallback = function () { callback(self); };

        // Clears any timers
        this.stop = function () { clearInterval(self.id); };
        // Resets timers to a new time
        this.reset = function (time) {
            if (self.id) { clearInterval(self.id); }
            var time = time || options.reset;

            this.id = setInterval(this.internalCallback, time);
        };

        // Set the interval time again
        this.interval = interval;
        this.id = setInterval(this.internalCallback, this.interval);

        var self = this;
    };

    // Create a new timer object
    return new timer(interval, callback);
};