Wp expand/collapse content with post thumbnail

Hi all …I’m looking to create a layout that uses post thumbnails in a grid. I would like to have the content for each post expand/collapse when the thumbnail is clicked, much like this site: http://www.blacktie.es/?view=fullsize.

I’m thinking of trying to use a plugin like collapse o matic or some
Jquery stuff bt not sure what would be simplest/best?

Any help/links to tutorials would be greatly appreciated!