Например, так:
<style>
.block {
width: 200px;
height: 100px;
border: 2px solid #ccc;
}
.active {
background: #ccc;
}
</style>
<div class="block">
<p>Bla-bla</p>
</div>
<script src="http://code.jquery.com/jquery-latest.min.js"></script>
<script>
var txt = $('.block').children('p').text();
$('.block').on('click', function(event) {
$(this).toggleClass('active');
$(this).children('p').text( $(this).children('p').text() == txt ? 'Tra-ta-ta' : txt);
});
</script>