How to remove </li> closing tag and replace???with <ul> tag in jquery

How to remove </li> closing tag and replace???with <ul> tag in jquery

References

Reference NO 1

http://stackoverflow.com/questions/15193134/how-to-remove-li-closing-tag-and-replacewith-ul-tag-in-jquery

Reference NO 2

http://stackoverflow.com/questions/12144595/how-can-i-replace-text-within-a-html-tag

Reference NO 3

http://api.jquery.com/slice/

Reference NO 4

http://forum.jquery.com/topic/change-ul-li-into-div-span

Reference NO 5

http://bugs.jqueryui.com/ticket/8637

Reference NO 6

http://jquery.webspirited.com/2011/02/jquery-tagit-a-jquery-tagging-plugin/

Reference NO 7

http://www.elated.com/articles/jquery-removing-replacing-moving-elements/

Reference NO 8

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