Set emacs "Meta" key to be the mac ⌘ key

My Emacs uses the Mac alt/option key as the meta key. How do I set it to be the ⌘ key?

This is what I have in my .emacs file:

;;; I prefer cmd key for meta
(setq mac-option-key-is-meta nil
      mac-command-key-is-meta t
      mac-command-modifier 'meta
      mac-option-modifier 'none)

(If you're unfamiliar, just add these lines to the file ~/.emacs (or create it if it doesn't exist), and restart Emacs.)

There is a setting that can be put into your .emacs: mac-command-key-is-meta that you can set to any non-nil value to enable.

Turning this setting on may cause strange characters to be printed, especially if you are running Leopard or higher. In order to correct that, you will need to set set-keyboard-coding-system to nil in your .emacs config.