How to animate text?

Hi, I’m looking for a way to animate some text like on this page:
http://wowslider.com/javascript-slider-ionosphere-stack-demo.html

I didn’t find any slideshow plugin that has this animated text effect built in, so I’m trying to add this effect with another plugin, or maybe a js snippet.

Is there a plugin that does this? I was told to look at the “animate” js property in jQuery but I’m no programer so it’s like reading a book in Russian to me.
Thanks!