You can do it like this:
String.prototype.toDOM=function(){
var d=document
,i
,a=d.createElement("div")
,b=d.createDocumentFragment();
a.innerHTML=this;
while(i=a.firstChild)b.appendChild(i);
return b;
};
var foo="<img src='//placekitten.com/100/100'>foo<i>bar</i>".toDOM();
document.body.appendChild(foo);