Replace a list of strings within a string with a list of replacement strings.

[clwehunt]

Is there a function that will replace a list of strings within a string with a list of replacement strings?

Ex. Pseudo Code:

string1 = "The big brown dog jumped over the big log."
list1 = "big, brown, dog, log"
list2 = "little, black, cat, flower"
string2 = replace(string1, list1, list2)
print string2

Output:

The little black cat jumped over the little flower.