1. A method, comprising: on a portable multifunction device with a touch screen display, while displaying an application interface of an application: detecting a multitouch edit initiation gesture on the touch screen display; in response to detection of the multitouch edit initiation gesture, displaying a plurality of user-selectable edit option icons in an area of the touch screen display that is independent of a location of the multitouch edit initiation gesture; and displaying a start point object and an end point object to select content displayed by the application in the application interface, wherein the start point object and end point object each have a displayed magnifier for showing a magnified image of a respective end point of selected content in the application interface.