Basic carousel / slider code using flexslider.

base-slider.php

<?php
/**
 * Basic slider. Uses flexslider.js, theme options framework, a custom post type and custom meta boxes.
 *
 * @author Pat Ramsey
 * @link http://slash25.com
 */
 
add_image_size( 'slider', 920, 286, true ); // we want a new image size for the slider background

function slide_scripts() {
  $css_loc = get_template_directory_uri().'/assets/css/';
  $js_loc = get_template_directory_uri().'/assets/js/';
  if ( is_front_page() ) : // conditionally load this only on the front page
  	wp_register_style('flexslide',$css_loc.'flexslider.css', array(), 'screen'); // register the flexslider css
	  wp_enqueue_style('flexslide'); // enqueue the flexslider css
		wp_register_script('flexslider', $js_loc.'jquery.flexslider-min.js', array('jquery'), '2',false); // register the flexslider js
		wp_enqueue_script('flexslider'); // enqueue flexslider.js
	endif;
}
add_action( 'wp_enqueue_scripts','slide_scripts' );


function s25_load_flexslider_script() {
  $slider_show = of_get_option( 's25_show_slider' );

	if ( is_front_page() && 1 == $slider_show ) { // Loads only if the theme option "s25_show_slider" is checked and if it's the homepage
		$slide_duration = of_get_option( 's25_slider_speed' ); // read the theme option for the duration value
		$slide_trans = of_get_option( 's25_slider_transition' ); // read the theme option for the transition value
		echo '<script type="text/javascript" charset="utf-8">';
			echo 'jQuery(window).load(function() {
				jQuery(".flexslider").flexslider({
					animation: "fade",
					controlNav: false,
					controlsContainer: "#slide_btm",
					directionNav: true,
					slideshowSpeed: '. $slide_duration .',
					animationSpeed: '. $slide_trans .',
					slideshow: false
				});
			});
		</script>';
	}
}

function s25_slides() {
  $slider_show = of_get_option( 's25_show_slider' ); // you can turn off or on the whole slider from a theme option checkbox

	if ( is_front_page() && 1 == $slider_show ) { // Loads only if the theme option "s25_show_slider" is checked and if it's the homepage
		echo '<aside class="slider"><div class="container"><div class="bgwrap row-fluid">';
		echo '<div class="flexslider">';
			$args = array(
				'post_type' => 's25_slide', // uses a custom post type for the slides
				'orderby' => 'menu_order', // orders them by the menu order field
				'order' => 'ASC', // ASCENDING order
				'posts_per_page' => -1 // grabs all published slides
			);
			$sliderq = new WP_Query( $args);
			if ( $sliderq->have_posts() ) { // starts the custom loop
				echo '<div class="holder">';
					echo '<ul class="slides">';
						while ( $sliderq->have_posts() ) : $sliderq->the_post();
							$slider_meta = get_post_custom(); // grab all the custom meta from the slide post type
							if ( has_post_thumbnail( $sliderq->post->ID )) :
								$bg = wp_get_attachment_image_src( get_post_thumbnail_id($sliderq->post->ID), 'slider' ); // uses the featured image for the background
								$slide_bg = $bg[0];
							endif;
							if ( $slider_meta['s25_slide_blurb'][0] != '' ) { $slide_blurb = $slider_meta['s25_slide_blurb'][0]; } else { $slide_blurb = ''; } // if the slide blurb custom field has content, output it, otherwise meh.
							if ( 'on' == $slider_meta['s25_show_slide_cta'][0] ) { // if the "Show Call to Action" checkbox is selected:
								$slide_cta = '<div class="slidecta"><a href="'. $slider_meta['s25_slide_link'][0] .'">'. $slider_meta['s25_slide_cta_txt'][0] .'</a></div>';
							} else { $slide_cta = ''; }
							?>

							<li class="slide"><div class="wrap" style="background-image: url(<?php echo $slide_bg; ?>);">
								<div class="slide_blurb">
									<?php echo wpautop($slide_blurb); ?>
									<?php echo $slide_cta; ?>
								</div>
							</div><!-- end .wrap --></li>
						<?php
						endwhile;
					echo '</ul>';
					echo '<div id="slide_btm"></div>';
					wp_reset_postdata(); // reset the post data. keep things clean, kids
				echo '</div>';
			}
		echo '</div><!-- end .flexslider -->';
		echo '</div><!-- end .bgwrap --></div><!-- end .container --></aside>';
	}
}