Code
<ul id="navigation">
<li class="home"><a href="" title="Home"></a></li>
<li class="about"><a href="" title="About"></a></li>
<li class="search"><a href="" title="Search"></a></li>
<li class="photos"><a href="" title="Photos"></a></li>
<li class="rssfeed"><a href="" title="Rss Feed"></a></li>
<li class="podcasts"><a href="" title="Podcasts"></a></li>
<li class="contact"><a href="" title="Contact"></a></li>
</ul>
<script type="text/javascript">
$(function() {
$('#navigation a').stop().animate({'marginLeft':'-85px'},1000);
$('#navigation > li').hover(
function () {
$('a',$(this)).stop().animate({'marginLeft':'-2px'},200);
},
function () {
$('a',$(this)).stop().animate({'marginLeft':'-85px'},200);
}
);
});
</script>