[Юрий Шу]

Да

$("a").click(function(){		
	      var current = null; 
	      $('#blocks div').each(function (i) { 
	      current = this; 
	      setTimeout(function () { 
	        $(current).slideDown(1000, function () { 
	        $(this).slideUp(1000); 
	      }); 
	      }, i * 2000); 
	  });     
      return false;
      });

<a href="#">Click here</a>
  <div id="blocks">
    <div id="one"></div>
    <div id="two"></div>
    <div id="three"></div>
  </div>