function validateURL(textval) {
	var urlregex = new RegExp( "^(http|https|ftp)://([a-zA-Z0-9.-]+(:[a-zA-Z0-9.&%$-]+)*@)*((25[0-5]|2[0-4][0-9]|[0-1]{1}[0-9]{2}|[1-9]{1}[0-9]{1}|[1-9]).(25[0-5]|2[0-4][0-9]|[0-1]{1}[0-9]{2}|[1-9]{1}[0-9]{1}|[1-9]|0).(25[0-5]|2[0-4][0-9]|[0-1]{1}[0-9]{2}|[1-9]{1}[0-9]{1}|[1-9]|0).(25[0-5]|2[0-4][0-9]|[0-1]{1}[0-9]{2}|[1-9]{1}[0-9]{1}|[0-9])|([a-zA-Z0-9-]+.)*[a-zA-Z0-9-]+.(com|edu|gov|int|mil|net|org|biz|arpa|info|name|pro|aero|coop|museum|[a-zA-Z]{2}))(:[0-9]+)*(/($|[a-zA-Z0-9.,?'+&%$#=~_-]+))*$");
	return urlregex.test(textval);
}

var valid = validateURL('some random text');
alert(valid);

Reference: http://stackoverflow.com/questions/5456007/url-validation-for-jquery-paste-input