Happy Monday! That snippet works perfect! Here's the full snippet that sets the value, hides the field in the form and allows the data to be submitted to the list. Thanks again!
<script language="javascript" type="text/javascript">
$(document).ready(function() {
var userFullname = $().SPServices.SPGetCurrentUser({
fieldName: "Title"
});
$("textarea[title='People Picker']").val(userFullname);
$("div[title='People Picker']").text(userFullname);
$("nobr").filter(function() {
// Ensures we get a match whether or not the People Picker is required (if required, the nobr contains a span also)
return $(this).contents().eq(0).text() === "Requester";
}).closest("tr").hide();
});
</script>