Flipswitch in lightswitch is going in an infinite loop - jquery-mobile

Question

I got this piece of code for rendering and using Flipswitch as a custom control in lightswitch application.
function createBooleanSwitch(element, contentItem, trueText, falseText, optionalWidth) {
var $defaultWidth = '5.4em';
var $defaultFalseText = 'False';
var $defaultTrueText = 'False';
var $selectElement = $('<select data-role="slider"></select>').appendTo($(element));
if (falseText != null) {
$('<option value="false">' + falseText + '</option>').appendTo($selectElement);
}
else {
$('<option value="false">' + $defaultFalseText + '</option>').appendTo($selectElement);
}
if (trueText != null) {
$('<option value="true">' + trueText + '</option>').appendTo($selectElement);
}
else {
$('<option value="true">' + $defaultTrueText + '</option>').appendTo($selectElement);
}
// Now, after jQueryMobile has had a chance to process the
// new DOM addition, perform our own post-processing:
$(element).one('slideinit', function () {
var $flipSwitch = $('select', $(element));
// Set the initial value (using helper function below):
setFlipSwitchValue(contentItem.value);
// If the content item changes (perhaps due to another control being
// bound to the same content item, or if a change occurs programmatically),
// update the visual representation of the control:
contentItem.dataBind('value', setFlipSwitchValue);
// Conversely, whenver the user adjusts the flip-switch visually,
// update the underlying content item:
$flipSwitch.change(function () {
contentItem.value = ($flipSwitch.val() === 'true');
});
// To set the width of the slider to something different than the default,
// need to adjust the *generated* div that gets created right next to
// the original select element. DOM Explorer (F12 tools) is a big help here.
if (optionalWidth != null) {
$('.ui-slider-switch', $(element)).css('width', optionalWidth);
}
else {
$('.ui-slider-switch', $(element)).css('width', defaultWidth);
}
//===============================================================//
// Helper function to set the value of the flip-switch
// (used both during initialization, and for data-binding)
function setFlipSwitchValue(value) {
$flipSwitch.val((value) ? 'true' : 'false');
// Having updated the DOM value, refresh the visual representation as well
// (required for a slider control, as per jQueryMobile's documentation)
$flipSwitch.slider(); // Initializes the slider
$flipSwitch.slider('refresh');
// Because the flip switch has no concept of a "null" value
// (or anything other than true/false), ensure that the
// contentItem's value is in sync with the visual representation
contentItem.value = ($flipSwitch.val() === 'true');
}
});
}
This piece of code works fine. It renders the flipswitch on the screen. I am showing the data in an Edit screen, which is coming in a popup. Problem arises when I open that popup which contains the flipswitch and without changing any data on UI, I just try to close that popup screen. The IE hangs and it gives error saying that long script is running. When I debug the createBoolenaSwitch function, I came to know that it is going in infinite loop inside the function called setFlipSwitchValue(value){}
Why is this function getting called and this is going in an infinite loop?