SO jQuery Fiddle
Test Fiddle mainly for SO Questions jQuery 1.4.3, UI 1.8.5
by Nick Craver
HTML
<link rel="stylesheet" href="http://ajax.googleapis.com/ajax/libs/jqueryui/1.8.5/themes/ui-lightness/jquery-ui.css">
<ul>
<li id="a"></li>
<li id="b"></li>
<li id="c"></li>
</ul>
JavaScript
alert($('#b').is(":last-child"));
alert($('#c').is(":last-child"));