How to toggle font awesome icon on click?

Question

I am using font awesome 'plus' icon on expandable categories list items. When they are in expanded state i want to show a 'minus' sign'

HTML

<ul id="category-tabs">
    <li><a href="javascript:void"><i class="fa fa-fw"></i>Category 1</a>
        <ul>
            <li><a href="javascript:void">item 1</a></li>
            <li><a href="javascript:void">item 2</a></li>
            <li><a href="javascript:void">item 3</a></li>
        </ul>
    </li>
</ul>

Jquery

$('#category-tabs li a').click(function(){
    $(this).next('ul').slideToggle('500');
});

Answer 1

You can toggle the class of the i element within the clicked anchor like

<i class="fa fa-plus-circle"></i>

then

$('#category-tabs li a').click(function(){
    $(this).next('ul').slideToggle('500');
    $(this).find('i').toggleClass('fa-plus-circle fa-minus-circle')
});

Demo: Fiddle