Closing the lid without going onto standby

With my old toshiba notebook you could set it so the lid could close without the laptop going onto standby. I've looked around but can't find any info on whether its possible to do this with my macbook pro...anybody know?
thanks

This question was asked a few days ago.
Here's the whole thread:
http://www.mac-forums.com/forums/showthread.php?t=74735
I'm not sure if he got a valid answer, you'll have to read it through.