Edit in JSFiddle

<div class="container">
    <div class="shrink">Shrink Wrap Shrink Wrap</div>
</div>

.container{
    width: 500px;
    height: 100px;
    border:2px solid blue;
    text-align:center;
}
.shrink{
    background: red;
    display: inline-block;
    *display: inline;/*兼容IE 6、7*/
    *zoom: 1;/*兼容IE 6、7*/
}