codesnippets.info

$(document).ready(function(){
  $(".pane .delete").click(function(){
    $(this).parents(".pane").animate({ opacity: 'hide' }, "slow");
  });
});

h3 {
	margin: 0;
	padding: 0 0 .3em;
}
p {
	margin: 0;
	padding: 0 0 .5em;
}
.pane {
	background: #edf5e1;
	padding: 10px 20px 10px;
	position: relative;
	border-top: solid 2px #c4df9b;
}
.pane .delete {
	position: absolute;
	top: 10px;
	right: 10px;
	cursor: pointer;
}

<div class="pane">
	<h3>Sample heading</h3>
	<p>Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Morbi malesuada, ante at feugiat tincidunt, enim massa gravida metus, commodo lacinia massa diam vel eros. Proin eget urna. Nunc fringilla neque vitae odio. Vivamus vitae ligula.</p>
	<img src="images/btn-delete.gif" alt="delete" class="delete">
</div>
<div class="pane">
	<h3>Sample heading</h3>
	<p>Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Morbi malesuada, ante at feugiat tincidunt, enim massa gravida metus, commodo lacinia massa diam vel eros. Proin eget urna. Nunc fringilla neque vitae odio. Vivamus vitae ligula.</p>
	<img src="images/btn-delete.gif" alt="delete" class="delete">
</div>
<div class="pane">
	<h3>Sample heading</h3>
	<p>Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Morbi malesuada, ante at feugiat tincidunt, enim massa gravida metus, commodo lacinia massa diam vel eros. Proin eget urna. Nunc fringilla neque vitae odio. Vivamus vitae ligula.</p>
	<img src="images/btn-delete.gif" alt="delete" class="delete">
</div>
<div class="pane">
	<h3>Sample heading</h3>
	<p>Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Morbi malesuada, ante at feugiat tincidunt, enim massa gravida metus, commodo lacinia massa diam vel eros. Proin eget urna. Nunc fringilla neque vitae odio. Vivamus vitae ligula.</p>
	<img src="images/btn-delete.gif" alt="delete" class="delete">
</div>
<div class="pane">
	<h3>Sample heading</h3>
	<p>Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Morbi malesuada, ante at feugiat tincidunt, enim massa gravida metus, commodo lacinia massa diam vel eros. Proin eget urna. Nunc fringilla neque vitae odio. Vivamus vitae ligula.</p>
	<img src="images/btn-delete.gif" alt="delete" class="delete">
</div>

You may want to check :

1. simple slide panel
2. drop caps
3. Simple jQuery Accordion
4. Find an element close by
5. Delay animation/effect