Question: How do you change the current value of a text field with the class `.form-item` to "555-1212"?

1. `$.val('.form-item', '555-1212');`
2. `$('.form-item').val('555-1212');`
3. `$('.form-item').data('value', '555-1212');`
4. `$('.form-item').set('value', '555-1212');`

Answer: The correct answer of the above question is Option B:`$('.form-item').val('555-1212');`