How do I hide an element on a click event anywhere outside of the element?

If I understand, you want to hide a div when you click anywhere but the div, and if you do click while over the div, then it should NOT close. You can do that with this code:

$(document).click(function() {
    alert("me");
});
$(".myDiv").click(function(e) {
    e.stopPropagation(); // This is the preferred method.
    return false;        // This should not be used unless you do not want
                         // any click events registering inside the div
});

This binds the click to the entire page, but if you click on the div in question, it will cancel the click event.