DivSappear

HTML

<div id="close-me">
    <p>But, at last, when turning to the eastward, the Cape winds began howling around us, and we rose and fell upon the long, troubled seas that are there; when the ivory-tusked Pequod sharply bowed to the blast, and gored the dark.</p>
    
    <a href="#" id="close">Close me</a>
</div>

CSS

#close-me {
    border: 5px solid #DDD;
    border-radius: 3px;
    padding: 5px;
    font-family: serif;
    font-style: italic;
    width: 300px;
    margin: 20px auto;
    box-shadow: 0 0 20px #CCC;
    position: relative;
    padding-bottom: 20px;
    color: #666;
}

a {
    background-color: #4682b4;
    font-style: normal;
    font-family: sans-serif;
    text-decoration: none;
    display: block;
    position: absolute;
    right: 5px;
    bottom: 5px;
    color: #fff;
    padding: 2px 4px;
    border-radius: 3px;
}

JavaScript

$(function() {
    $('#close').click (function() {
        $(this).parent().fadeTo('slow', 0, function(){$(this).remove()});
        return false;
    }); 
});