A quick and dirty way would be like this:

Object.prototype.toJSON = function() {
  var sobj = {}, i;
  for (i in this) 
    if (this.hasOwnProperty(i))
      sobj[i] = typeof this[i] == 'function' ?
        this[i].toString() : this[i];

 return sobj;

};

Obviously this will affect the serialization of every object in your code, and could trip up niave code using unfiltered for in loops. The "proper" way would be to write a recursive function that would add the toJSON function on all the descendent members of any given object, dealing with circular references and such. However, assuming single threaded Javascript (no Web Workers), this method should work and not produce any unintended side effects.

A similar function must be added to Array's prototype to override Object's by returning an array and not an object. Another option would be attaching a single one and let it selectively return an array or an object depending on the objects' own nature but it would probably be slower.

function JSONstringifyWithFuncs(obj) {
  Object.prototype.toJSON = function() {
    var sobj = {}, i;
    for (i in this) 
      if (this.hasOwnProperty(i))
        sobj[i] = typeof this[i] == 'function' ?
          this[i].toString() : this[i];

    return sobj;
  };
  Array.prototype.toJSON = function() {
      var sarr = [], i;
      for (i = 0 ; i < this.length; i++) 
          sarr.push(typeof this[i] == 'function' ? this[i].toString() : this[i]);

      return sarr;
  };

  var str = JSON.stringify(obj);

  delete Object.prototype.toJSON;
  delete Array.prototype.toJSON;

  return str;
}

http://jsbin.com/yerumateno/2/edit

With JSON.stringify() found in json2.js or native in most modern browsers.

JSON.stringify(value, replacer, space)
    value       any JavaScript value, usually an object or array.
    replacer    an optional parameter that determines how object
                values are stringified for objects. It can be a
                function or an array of strings.
    space       an optional parameter that specifies the indentation
                of nested structures. If it is omitted, the text will
                be packed without extra whitespace. If it is a number,
                it will specify the number of spaces to indent at each
                level. If it is a string (such as "\t" or " "),
                it contains the characters used to indent at each level.

No, you can't do that.
If you did not encode that string, JSON.parse will not return a correct string.

The cleanest solution to do that is use JSON for obj.options, and stringify it when you need to use it.