There is a very useful "Clips" feature in Coda, do we have such thing in Eclipse?

What it does is pretty simple, you save once a code clip which you use very often and assign it a shortcut and when you want to re-use it on editor you type the shortcut you assigned and it automatically pastes that code clip and sets caret position to the defined position.

On the example here (second image) when i write 4dom and press TAB afterwards it types me this...

jQuery(function($){
    //puts cursor here
});

Since it is a very useful feature i miss that one on Eclipse, is there a plugin for this?

Thanks, Sinan.