Jshint.com suggests this for the code below:
Line 150: }, false );
Don't make functions within a loop.
But, it allows me to not have to write document.getElementById() multiple times, instead I can save the ids in an array and loop through them.
More concise and maintainable code I feel.
function styleTwitter( pair_array )
{
    var i, input, label;
    for ( i = 0; i < pair_array.length; i+=2 ) 
    {
        input = document.getElementById( pair_array[ i ] );
        label = document.getElementById( pair_array[ i + 1 ] );
        input.addEventListener( "focus", function()
        { 
            if( input.value === '' )
            {
                label.style.opacity = 0; 
                input.style.border = '1px solid #888888'; 
            }
        }, false );
        input.addEventListener( "blur", function()
        {
            if( input.value === '' )
            {
                label.style.opacity = 1;
                new EffectsFont( label ).fade( 'up', 150 );
                input.style.border = '1px solid #dddddd'; 
            }
        }, false );
    }
 
     
    