If you are importing the function, you can use inspect.getsource:
>>> import re
>>> import inspect
>>> print inspect.getsource(re.compile)
def compile(pattern, flags=0):
"Compile a regular expression pattern, returning a pattern object."
return _compile(pattern, flags)
This will work in the interactive prompt, but apparently only on objects that are imported (not objects defined within the interactive prompt). And of course it will only work if Python can find the source code (so not on built-in objects, C libs, .pyc files, etc)