Help with "Show/hide title on hover"

On fancybox.net there are instructions on how to make fancy box toggle the visibility of the title as a function of mouse hover. This is explained as tip #3 on the referenced webpage and the following code is provided:

$("#tip3").fancybox({
	'titlePosition'	:	'over',
	'onComplete'	:	function() {
		$("#fancybox-wrap").hover(function() {
			$("#fancybox-title").show();
		}, function() {
			$("#fancybox-title").hide();
		});
	}
});

I would like to implement this functionality on my blog which is using the FancyBox for WordPress plugin. Can someone explain how a PHP and jQuery novice might go about this?

Thanks in advance,

Michael
http://www.untamedimages.com/blog

http://ww.wp.xz.cn/extend/plugins/fancybox-for-wordpress/