wrap it in a plugin
(function($) {
$.fn.tagRemover = function() {
return this.each(function() {
var $this = $(this);
var text = $this.text();
$this.replaceWith(text);
});
}
})(jQuery);
and then use like so
$('div span').tagRemover();
Working Demo here - add /edit to the URL to play with the code