Open Terminal and type in
defaults write com.apple.finder QLEnableXRayFolders 1
Then enter
Killall Finder
to restart the Finder. You should now be able to quicklook any folder that has files and see it in the folder preview.

UPDATE: If you ever want to disable it this feature, quit the Finder, then repeat the above Terminal command, but change the 1 to a 0.
Source: Mac OS X Hints

{ 4 comments… read them below or add one }
How would you reverse this?
[New Post] Enable See-Through QuickLook Folders http://www.thecustommac.com/enable-seeth...
via Twitoaster
I updated the post. In short quit the Finder, then repeat the above Terminal command, but change the 1 to a 0. Thanks for the question, sorry for the delay!
Works Great!