The following code was tested in Chrome 11 on Windows 7.
javascript:
/* Gather all of the a elements on the page. */
var links = document.getElementsByTagName("a");
/* Pick out the Del links. */
var delLinks = new Array();
for (var i = 0; i < links.length; i++) {
  var link = links[i];
  
  if (link.innerHTML == "Del") {
    /*alert("Del link found!");*/
    /*alert(link.attributes['href'].value);*/
    delLinks[delLinks.length] = link;
  }
}
/* Open each Del link to delete the associated
   picklist value.
   
   This code can be augmented as desired
   to only delete certain values.
   
   However, for custom picklists it's probably
   easier to just delete all of the values
   and then re-add the desired values. */
for (var i = 0; i < delLinks.length; i++) {
  var delLink = delLinks[i];
  window.open(
      delLink.attributes['href'].value);
}
As with all hacks, please to use with caution, at your own risk.
 
