TinyMCE Fiddle

<script type="text/javascript">
tinyMCE.init({
    	// General options
		mode : "exact",
		theme : "advanced",
		elements : "elm1",
		plugins : "autolink,lists,pagebreak,style,layer,table,save,advhr,advimage,advlink,emotions,iespell,inlinepopups,insertdatetime,preview,media,searchreplace,print,contextmenu,paste,directionality,fullscreen,noneditable,visualchars,nonbreaking,xhtmlxtras,template,wordcount,advlist,autosave,visualblocks",
		// Theme options
		theme_advanced_buttons1 : "save,newdocument,|,bold,italic,underline,strikethrough,|,justifyleft,justifycenter,justifyright,justifyfull,styleselect,formatselect,fontselect,fontsizeselect",
		theme_advanced_buttons2 : "cut,copy,paste,pastetext,pasteword,|,search,replace,|,bullist,numlist,|,outdent,indent,blockquote,|,undo,redo,|,link,unlink,anchor,image,cleanup,help,code,|,insertdate,inserttime,preview,|,forecolor,backcolor",
		theme_advanced_buttons3 : "tablecontrols,|,hr,removeformat,visualaid,|,sub,sup,|,charmap,emotions,iespell,media,advhr,|,print,|,ltr,rtl,|,fullscreen",

		// Drop lists for link/image/media/template dialogs
		template_external_list_url : "lists/template_list.js",
		external_link_list_url : "lists/link_list.js",
		external_image_list_url : "lists/image_list.js",
		media_external_list_url : "lists/media_list.js",
        
        // Added for disabling click event effects
		setupcontent_callback : "myCustomSetupContent"
	});

	function myCustomSetupContent(editor_id, body, doc) {
          document.getElementById("elm1_toolbargroup").setAttribute("Class","mceButtonDisabled");
		  body.contentEditable = false;
	}
    

</script>

<form method="post" action="http://tinymce.moxiecode.com/dump.php?example=true">
		<div>
			<textarea id="elm1" name="elm1" rows="15" cols="80" style="width: 80%" >
            Test Test Test
			</textarea>
			<textarea id="elm3" name="elm3" rows="15" cols="80" style="width: 80%" >
                Test2 Test2 Test2
			</textarea>
	</div>
</form>