/Javascript/jQuery/How to change the text using jquery on click

How to change the text using jquery on click

$(document).ready(function () {
    $("#fold").click(function () {
        $("#fold_p").fadeOut(function () {
            $("#fold_p").text(($("#fold_p").text() == 'Fold it') ? 'Expand it' : 'Fold it').fadeIn();
        })
    })
});

Source: stackoverflow.com

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