"Edit Search Criteria" slidedown menu on Search Builder fails

On the Search Builder page, after having done a search, you get your results plus a "Edit Search Criteria" link which, when clicked, expands. This is broken in 4.0.7 + Drupal 7.

I am getting a javascript exception which in Chrome reads: "Uncaught TypeError: Property '$' of object [object DOMWindow] is not a function".

A bit more digging reveals that jquery.contextMenu.js is attempting to directly access the $ global variable from within an anonymous function, instead of assigning the global jQuery object to a local object, $.

See patch for my one-character patch.cd