basic jquery plugin pattern

jquery.fn.basicPlugin.js

(function($){

    $.fn.basicPlugin = function(options) {

        var defaults = {
            prop1 : 'value1',
            prop2 : 'value2',
        };

        var settings = (options) ? $.extend({},defaults,options) : defaults;

        return this.each(function(index, element){
            // my plugin code here
        });

    };

})(jQuery);