The idea is to create a slideshow and add slides as you would add any other story. The slideshow is then set up as a block which can be put anywhere on the site on any page you want.
For the module to work you will have to pay for and download Front Page Slideshow.
A demo of the front page slideshow for Drupal is available at http://drupal.jamestombs.co.uk
Maintained and developed for the iSchool project for the University of Toronto. (New Site being released soon!)