how to use this?

Same question here, no documentations!

I, too, could use some guidance on how to set this up. I'd like to display a series of small images, similar to the example here: http://www.infyways.com/store/client-logo-slider.html

BUMP - Update added small walkthrough (sidenote, i think if pager is already activated then the error of missing files does not show up)

Download module
Download jcarousel script http://sorgalla.com/jcarousel/
Upload jcarousel to sites/all/libraries and make sure the name of the folder is jcarousel, if not rename it(the javascript should then be in sites/all/libraries/jcarousel/lib)
Create a view, make it a slideshow activate pager and choose jcarousel.

If you don't have a pages installed an error will show up and explain this.

I'm adding this to an existing slideshow, have followed these steps but also don't have a new pager type.

(Thanks for this btw, this module needs docs!)

[edit] Found it - it's in the Format settings, under widgets!

The notice in Views is too vague.

Move the files from the dist-folder (from the downloaded package found on Sorgalla) to sites/all/libraries/jcarousel/lib.

I've done this and I am still not seeing anything in either the pager section or the Views Slideshow section. When I first installed the module, The Slideshow settings dialog was giving me an error saying I needed to install the jcarousel library. I did that, so that jquery.jcarousel.min.js is now located at sites/all/libraries/jcarousel/lib/jquery.jcarousel.min.js.

I can't seem to find how to use this module. Please help.

The pager won't show up unless you show 'Fields' in your view. If you show something else (like Content), the pager won't be available. This is due to limitations in views slideshow.

I was using fields.

But its the top and bottom widgets shown as carousel, not the actual slider as whole. How to show all contents as carousel?

Don't look for pager options in pager settings of a View config UI.
Instead when you select display format to be "Slideshow" (Look for "Format" in leftmost column of Views config UI), click Settings next to Slideshow in Format section. In the popup find section titled "Widgets" and under that section there should be two subsections: "Top Widgets" and "Bottom Widgets". Each of those subsections will have checkboxes labeled Pager, Controls, Slide counter. Check the one with pager and you'll get a form to configure pager.

I've added a README.txt file with instructions. I'll also update the project page with the install instructions, and apply a "read documentation" link. The README.txt file also included direct links to the most recently compatible jCarousel version for this module.

If I can add any more instructional information, please create a new "documentation" issue!
Thanks.