Using the Magnetic Lasso Tool straight out of the box can deliver some impressive results. Know how to adjust the frequency, width and contrast controls and you'll have a selection tool that sticks to edges like glue.
The Magnetic Lasso is a capable selection tool. Available in both Elements and CS, it's options and controls allow for creating a relatively fast and well-defined outline. All you need to do is understand the essentials and get dragging away!