Simple jQuery Rotator with all the goodies

jquery.rotator.js

/*
*
*  Another fine bit of code by Kent Safranski < http://www.fluidbyte.net >
*
*  HTML:
*  <ul id="banner">
*     <li>Stuff</li>
*     ...
*  </ul>
*
*  CSS:
*  #banner { position: relative; margin: 0; padding: 0; }
*  #banner li { display: none; position: absolute; box-sizing: border-box; list-style: none; width: 600px; height: 200px; }
*  #banner li:first-child { display: block; }
*
*  JAVASCRIPT:
*  $('#banner').rotate();
*
*/

jQuery.fn.rotate = function(o){

 var o = jQuery.extend({
   children : 'li',
   delay : 3000,
   speed : 300,
   hover : true, // Pause on hover?
   next : $('#button-next'),
   prev : $('#button-prev')
 },o);
 
 $(this).each(function(){
    var r = $(this);
    var current = 0; 
    var total = r.children(o.children).length;
    
    // Manually move next
    o.next.click(function(){
        if(current==(total-1)){ current=0; }else{ current++; }
        rotator.goto(current);
    });
    
    // Manually move next
    o.prev.click(function(){
        if(current==0){ current=(total-1); }else{ current--; }
        rotator.goto(current);
    });
    
    var rotator = {
     go : function(){
       automation = setInterval(function(){
         rotator.goto(current);
         if(current==(total-1)){ current=0; }else{ current++; }
       }, o.delay);
     }, 
     goto : function(i){
       r.children(o.children).eq(i).stop(true,true).fadeIn(o.speed).siblings().fadeOut(o.speed);
     }, 
     stop : function(){
       clearInterval(automation);
     } 
    }
    
    // Pause on hover (?)
    if(o.hover){ r.hover(function(){ rotator.stop(); },function(){ rotator.go(); }); }
    
    // Start
    rotator.go(); 
    });
};