Created by yours truly : Vijay Joshi. http://vijayjoshi.org
The idea came from this : http://www.seenandshared.com/word-clock.htm. This word clock is built in Flash. So, I thought of creating it with jQuery and here is my implementation. Check the page source for full code. (The font is "Averia Libre" for those who are wondering.)
Coded in less than 1 hour and tested on FF and Chrome.