You really don't need Prototype for this:
function get_param(param) {
   var search = window.location.search.substring(1);
   var compareKeyValuePair = function(pair) {
      var key_value = pair.split('=');
      var decodedKey = decodeURIComponent(key_value[0]);
      var decodedValue = decodeURIComponent(key_value[1]);
      if(decodedKey == param) return decodedValue;
      return null;
   };
   var comparisonResult = null;
   if(search.indexOf('&') > -1) {
      var params = search.split('&');
      for(var i = 0; i < params.length; i++) {
         comparisonResult = compareKeyValuePair(params[i]); 
         if(comparisonResult !== null) {
            break;
         }
      }
   } else {
      comparisonResult = compareKeyValuePair(search);
   }
   return comparisonResult;
}
var param_value = get_param('param'); //abc