Demo
I've run across this question several times and when looking for an answer I see conflicting accounts on wethor or not it is possible. The trick is to give the div containing the swf file a z-index of 0 and using wmode="transparent" and or <param name="transparent">. The content will go in its own div with a z-index of something larger than 0. Here is my solution.
Dropdown appears over content.
I'm text in the 'otherContent' div!
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